Switzerland’s largest bank is believed to hold shares in the Hikvision group whose products are used to monitor the Uighurs in detention camps and public spaces.
The Chinese state owned firm was blacklisted by the US Department of Commerce in October for its role in the surveillance of ethnic minorities.
According to the SonntagsBlick, UBS was one of Hikvision’s top shareholders for years. In 2016, the bank was listed as the sixth largest shareholder and as of March 2019 it was still the ninth largest. This was despite the fact that it was already public knowledge at the time that Hikvision was significantly involved in the surveillance apparatus against the Uighurs. The bank does not want to comment on the extent of its current investment in Hikvision. In principle, UBS does not comment on individual client relationships.
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Uighur exile leader calls on Switzerland to curb China ties
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