Source: Shutterstock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • A wide-ranging data leak has exposed how many members of the Chinese Communist Party (CCP) work within global corporations
  • The information obtained by News Corp also shows how members of the CCP, the party which rules China, work within foreign consulates in Shanghai
  • Amongst the companies linked to CCP members are Boeing, Volkswagen, Pfizer, AstraZeneca, ANZ and HSBC
  • Security experts have raised concerns about the CCP’s influence, but there is no established evidence of members spying on the organisations they work for
  • The data itself is also believed to be four years old and comes from Chinese dissidents who oppose the communist party

New data shows how members of the Chinese Communist Party (CCP) are working for a wide range of global corporations and diplomatic embassies.

The information obtained by News Corp relates to around two million members of the CCP, the party currently in charge of running China.

The data shows how members are working across a range of industries, including transportation and airline businesses Volkswagen and Boeing, as well as financial institutions such as ANZ and HSBC.

Members have also been linked to healthcare giants Pfizer and AstraZeneca, which are both rolling out COVID-19 vaccines in the U.K and U.S.

Additionally, some of the staff at Australia’s embassy in Shanghai have been exposed as being CCP members, with the U.S. and British embassies also named as well.

Explaining the significance of the leak, a security expert explained it was concerning the communist party had potential insider knowledge of government agencies and wider businesses.

“Allowing members of the CCP to work for such companies risks their stealing technology, providing intelligence to China on forthcoming weapons systems and capabilities, or on force structures built around those capabilities,” the expert told News Corp.

“Imagine if a CCP member was allowed to work on the new Australian submarine project, and got technical data on the performance of the subs. This would give the Chinese navy a massive advantage and put Australian lives at risk,” they added.

Despite the security concerns raised, there’s no evidence within the data to show CCP members have spied on the organisations or government agencies they work for.

The data itself is also believed to be over four years old and was originally obtained by Chinese dissidents who oppose the communist party.

More From The Market Online
SHRUG

ASX jumps +2.6% higher on Tuesday as Iran war rolls on. Have markets moved on?

I have a feeling I mightn’t be the only person surprised by today’s moves on the ASX, the most recent closing moves on
Sink your teeth into this bad boy

The Aussie market’s been hungry for a good news story. And today, it got one. Will it last?

Let’s start with the most important info: I am currently writing this at 12.30PM Sydney time (9.30AM for me in Perth), and so...

Fuel rationing: When Oz restrictions will start; what’s left in the stockpile?

Australia has ~30 days of diesel, 40 days of petrol, and 30 days of jet fuel…
Silver oil concept

Brent hits US$116/bbl as fresh MidEast fears erase Week 13 optimism. Where now? Nowhere fast…

As users who listen to the HotCopper Wire podcast may know, I’ve been in Darwin for the last week, and so I didn’t