Australian Wealth Fund Invests Taxpayer Money into Chinese Companies Linked to Human Rights Abuse

‘No Australian would want their taxpayer dollars or retirement savings to be inadvertently funding national security threats,’ said Senator James Paterson.

Senator James Paterson in the Senate on Feb. 06, 2023 in Canberra, Australia. Martin Ollman/Getty Images

Australia’s sovereign wealth fund is using billions of taxpayer dollars to fund at least 50 high-risk Chinese companies that pose serious human rights and national security threats.

Future Fund, which aims to “invest for the benefit of future generations of Australians,” was exposed for having stakes in 22 companies linked with the Chinese Communist Party (CCP) and 14 companies linked to the oppression of Uyghurs in Xinjiang.