Greg Landsman discloses up to $100K in Chinese military-linked ETF

by@NRCC

Summary

U.S. Rep. Greg Landsman, D-Ohio, recently disclosed personal financial holdings of up to $100,000 in the KraneShares CSI China Internet ETF, which includes companies designated as "Chinese Military Companies" by the Pentagon. These designations were announced for Tencent in January 2025 and for Alibaba and Baidu in June 2025 due to their affiliations with the Chinese Communist Party and military-civil fusion efforts. This revelation follows Landsman's commitment, made in May 2025, to align his financial practices with new congressional ethics measures, which included selling individual stocks to invest in mutual funds and ETFs. However, Landsman has faced scrutiny for filing multiple late transaction reports, raising questions about his commitment to transparency.

Tokens

$KWEB

Analysis

Baidu: Baidu is a major Chinese internet search and artificial intelligence company. The Defense Department added it to the Chinese Military Company list in June 2025, referencing contributions to military-civil fusion. Baidu regularly appears among the top holdings of the KraneShares CSI China Internet ETF. Alibaba Group: Alibaba Group operates as a leading Chinese e-commerce, cloud, and technology conglomerate. It was designated by the Pentagon as a Chinese Military Company in June 2025 over affiliations with Chinese state entities and military-civil fusion efforts. Alibaba is routinely one of the largest positions in the KraneShares CSI China Internet ETF. Greg Landsman: U.S. Representative Greg Landsman is a Democrat from Ohio elected to Congress in 2022. He and his wife reported holdings in the KraneShares CSI China Internet ETF through a joint account and an IRA in their 2025 personal financial disclosure. Landsman has publicly positioned himself as a champion of congressional ethics reforms while facing questions about the timing of his own financial disclosures. Tencent Holdings: Tencent Holdings is a major Chinese technology and internet services company. The U.S. Defense Department added it to the Section 1260H list of Chinese Military Companies in January 2025, citing direct or indirect ownership ties to the Chinese Communist Party. Tencent ranks among the top holdings in the KraneShares CSI China Internet ETF. KraneShares CSI China Internet ETF: The KraneShares CSI China Internet ETF tracks a basket of Chinese internet companies and is managed through accounts at Rockefeller Capital Management. Its largest positions include Tencent, Alibaba, and Baidu. The fund appeared in Rep. Greg Landsman’s and his wife’s 2025 disclosures. Disclosure Timing: Landsman has filed multiple periodic transaction reports after the deadlines required by the STOCK Act, including a 2024 filing covering numerous prior trades. Ethics Announcements: Landsman stated in May 2025 that he and his wife had sold individual stocks and moved investments into mutual funds and ETFs to achieve full compliance with proposed congressional ethics legislation. Military Designations: The Pentagon placed Tencent on its Chinese Military Company list in January 2025 and followed with Alibaba and Baidu in June of the same year.

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