The most recent example occurred earlier this year. Nancy Pelosi had meetings in mid-February where she was handed secret information about the Coronavirus that the rest of the country was not given. Immediately following those meetings Paul Pelosi made massive purchases of stocks in tech companies in which he had not previously invested. All those companies have since substantially outperformed the market, and Pelosi has made huge profits.
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In 2014 Paul Pelosi invested in a company called SunEdison solar energy. Shortly thereafter with the assistance of his wife, SunEdison received $1 billion in federal subsidies.
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There is something else at work here, however. Paul Pelosi does not just buy and sell commercial real estate. He doesn’t just cash in on his wife’s influence and privileged status. He invests, and much of that investment is in Asia generally and China specifically.
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Nancy Pelosi has long condemned the outsourcing of manufacturing jobs to foreign countries by American corporations. But the Pelosi’s investment portfolio contains no investments in any domestic manufacturing companies. Instead, it has extensive holdings in dozens of companies such as Cisco, Sun Microsystems, Apogee Networks, and Netclerk that outsource jobs and have non-unionized workforces.
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According to her 2011 financial disclosure statement, Pelosi received between $1 million and $5 million in partnership income from Matthews International Capital Management LLC, a group, which brags about its “singular focus on investing in Asia.” Paul Pelosi was listed as one of the Directors of Matthews International Capital when it was formed in 2010. Funds managed by the company include the Asian Growth and Income Fund, the China Dividend Fund, the Pacific Tiger Fund, and the China Fund.
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The description of the Matthews China Fund reads in part, “Under normal market conditions, the Matthews China Fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in the common and preferred stocks of companies located in China.” The most recent SEC report for Matthews International shows huge stock holdings in Chinese companies like BiliBili, China Mobile, Huazhu Grou, Weibo and Yum China Holdings. Matthews has $24 billion in investments under management.
https://www.tigerdroppings.com/rant/politics/nancy-pelosi-is-owned-by-china/89586307/