London Daily

Focus on the big picture.
Sunday, Dec 07, 2025

Drop Chinese investments, MPs and peers tell parliament’s pension fund

Drop Chinese investments, MPs and peers tell parliament’s pension fund

Letter from 137 lawmakers urges fund to drop stakes in firms accused of human rights violations or linked to Chinese state
A cross-party group of more than 137 parliamentarians, including 117 MPs, have called on parliament’s pension fund to disinvest from Chinese companies accused of complicity in gross human rights violations or institutions linked to the Chinese state.

The signatories include Lisa Nandy, the shadow foreign secretary, and the former Conservative cabinet ministers Liam Fox, Iain Duncan Smith and Norman Tebbit. Others include the Liberal Democrat foreign affairs spokesperson, Layla Moran, and the shadow foreign affairs minister, Stephen Kinnock. The Conservative MP David Amess was also a signatory, one of his last political acts before his death on Friday.

The letter to the fund’s trustees follows research by the rights group Hong Kong Watch which found the Parliamentary Contributory Pension Fund had £2.9m invested in the Chinese e-commerce company Alibaba and £900,000 in technology group Tencent, as well as investments in China Construction Bank and Sinopec, the chemical and oil firm.

The letter states: “Aside from being two of the largest technology companies in China, Alibaba and Tencent regularly collaborate with the Chinese state in maintaining internet censorship through the ‘Great Firewall’ and have provided the government with surveillance patents for software which has been put to use against the Uyghurs.”

It underlined that as the “the largest bankroller of Chinese state-owned enterprises”, Chinese state-owned banks “have spent the last decade buying up a substantial amount of strategic infrastructure in the UK”.

Exposure to Chinese equities was problematic, the authors claim, “given the sanctions China has placed on UK parliamentarians”.

Five MPs were sanctioned in March by the Chinese state as a reprisal for the British government sanctioning a group of Chinese officials allegedly involved in the mistreatment of Uyghur Muslims.

The disinvestment call also comes after the Speakers of both the Lords and Commons banned the Chinese ambassador from entering parliament in September to speak to an all-party group. The Commons also voted in March to back a motion branding the Chinese state treatment of the Uyghurs in Xinjiang province as “genocide”.

A group of MPs’ staff have also written to Legal and General about the pension fund.

The Labour MP Siobhain McDonagh, a leading signatory and member of the Treasury select committee, said: “When the world is presented with such overwhelming evidence of gross human rights abuses, nobody can turn a blind eye.

“But we must also ask ourselves what it means to be complicit and that’s why I’m horrified to learn that our own pension fund is invested in Chinese institutions with close ties to the state. If we look on, history will condemn our unforgivable cowardice and ask why those in power did not act. Warm words are simply not enough because this time no one can say that they did not know.”

Sam Goodman, Hong Kong Watch’s senior policy adviser and co-author of the report, said: “If the drive toward ethical investment and making the UK a world leader in environmental and social governance is to mean anything, then MPs must ensure that their own pensions are not being invested in companies undermining human rights and look again at bringing forward legislation to regulate this sector.”
Newsletter

Related Articles

0:00
0:00
Close
Mark Zuckerberg Pulls Back From Metaverse After $70 Billion Loss as Meta Shifts Priorities to AI
Nvidia CEO Says U.S. Data-Center Builds Take Years while China ‘Builds a Hospital in a Weekend’
Indian Airports in Turmoil as IndiGo Cancels Over a Thousand Flights, Stranding Thousands
Hollywood Industry on Edge as Netflix Secures Near-$60 Bln Loan for Warner Bros Takeover
Drugs and Assassinations: The Connection Between the Italian Mafia and Football Ultras
Hollywood megadeal: Netflix acquires Warner Bros. Discovery for 83 billion dollars
The Disregard for a Europe ‘in Danger of Erasure,’ the Shift Toward Russia: Trump’s Strategic Policy Document
Two and a Half Weeks After the Major Outage: A Cloudflare Malfunction Brings Down Multiple Sites
UK data-regulator demands urgent clarity on racial bias in police facial-recognition systems
Labour Uses Biscuits to Explain UK Debt — MPs Lean Into Social Media to Reach New Audiences
German President Lays Wreath at Coventry as UK-Germany Reaffirm Unity Against Russia’s Threat
UK Inquiry Finds Putin ‘Morally Responsible’ for 2018 Novichok Death — London Imposes Broad Sanctions on GRU
India backs down on plan to mandate government “Sanchar Saathi” app on all smartphones
King Charles Welcomes German President Steinmeier to UK in First State Visit by Berlin in 27 Years
UK Plans Major Cutback to Jury Trials as Crown Court Backlog Nears 80,000
UK Government to Significantly Limit Jury Trials in England and Wales
U.S. and U.K. Seal Drug-Pricing Deal: Britain Agrees to Pay More, U.S. Lifts Tariffs
UK Postpones Decision Yet Again on China’s Proposed Mega-Embassy in London
Head of UK Budget Watchdog Resigns After Premature Leak of Reeves’ Budget Report
Car-sharing giant Zipcar to exit UK market by end of 2025
Reports of Widespread Drone Deployment Raise Privacy and Security Questions in the UK
UK Signals Security Concerns Over China While Pursuing Stronger Trade Links
Google warns of AI “irrationality” just as Gemini 3 launch rattles markets
Top Consultancies Freeze Starting Salaries as AI Threatens ‘Pyramid’ Model
Macron Says Washington Pressuring EU to Delay Enforcement of Digital-Regulation Probes Against Meta, TikTok and X
UK’s DragonFire Laser Downs High-Speed Drones as £316m Deal Speeds Naval Deployment
UK Chancellor Rejects Claims She Misled Public on Fiscal Outlook Ahead of Budget
Starmer Defends Autumn Budget as Finance Chief Faces Accusations of Misleading Public Finances
EU Firms Struggle with 3,000-Hour Paperwork Load — While Automakers Fear De Facto 2030 Petrol Car Ban
White House launches ‘Hall of Shame’ site to publicly condemn media outlets for alleged bias
UK Budget’s New EV Mileage Tax Undercuts Case for Plug-In Hybrids
UK Government Launches National Inquiry into ‘Grooming Gangs’ After US Warning and Rising Public Outcry
Taylor Swift Extends U.K. Chart Reign as ‘The Fate of Ophelia’ Hits Six Weeks at No. 1
250 Still Missing in the Massive Fire, 94 Killed. One Day After the Disaster: Survivor Rescued on the 16th Floor
Trump: National Guard Soldier Who Was Shot in Washington Has Died; Second Soldier Fighting for His Life
UK Chancellor Reeves Defends Tax Rises as Essential to Reduce Child Poverty and Stabilise Public Finances
No Evidence Found for Claim That UK Schools Are Shifting to Teaching American English
European Powers Urge Israel to Halt West Bank Settler Violence Amid Surge in Attacks
"I Would Have Given Her a Kidney": She Lent Bezos’s Ex-Wife $1,000 — and Received Millions in Return
European States Approve First-ever Military-Grade Surveillance Network via ESA
UK to Slash Key Pension Tax Perk, Targeting High Earners Under New Budget
UK Government Announces £150 Annual Cut to Household Energy Bills Through Levy Reforms
UK Court Hears Challenge to Ban on Palestine Action as Critics Decry Heavy-Handed Measures
Investors Rush Into UK Gilts and Sterling After Budget Eases Fiscal Concerns
UK to Raise Online Betting Taxes by £1.1 Billion Under New Budget — Firms Warn of Fallout
Lamine Yamal? The ‘Heir to Messi’ Lost to Barcelona — and the Kingdom Is in a Frenzy
Warner Music Group Drops Suit Against Suno, Launches Licensed AI-Music Deal
HP to Cut up to 6,000 Jobs Globally as It Ramps Up AI Integration
MediaWorld Sold iPad Air for €15 — Then Asked Customers to Return Them or Pay More
UK Prime Minister Sir Keir Starmer Promises ‘Full-Time’ Education for All Children as School Attendance Slips
×