5 hours ago
34
Commerce secretary pick has substantial business links with China, raising questions of possible conflict of interest
Investment banker Howard Lutnick’s exposure to China came into sharp relief, after the Republican president-elect, Donald Trump, tapped him to lead the agencies that have become the tip of the spear in the US-China trade war.
The financial services firms helmed by Lutnick have profited from ties to China: from BGC Group, which has a joint venture in Beijing with Chinese-state owned China Credit Trust, to Cantor Fitzgerald, which has helped take Chinese firms public in the United States.
Continue reading...