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Nancy Pelosi's son on Taiwan trip invests in Chinese tech firm: report

House Speaker Nancy Pelosi, son of House Speaker Nancy Pelosi, quietly accompanied her mother on last week's controversial trip to Taiwanand was threatened by China. condemned the move. Towards the autonomous island, it has stakes in Chinese technology companies, according to Thursday's report.

His Paul Pelosi Jr., who received his 700,000 shares of Borqs Technologies in exchange for his services, made him the second largest investor in the company after Pat Sek Yuen Chan. became. An insider sold his shares in in June 2021,the Daily reported in his emails, citing Security and Trade Commission filings. rice field.

As of March 2022, Pelosi Jr. still owned approximately 147,000 shares, or approximately 0.07% of outstanding shares. 

Reports show that 53-year-old Pelosi his Jr. also worked as a consultant for a company with a market capitalization of around $22 million. 

He traveled with his mother leading a Democratic congressional delegation to Asia, including South Korea, Singapore, Malaysia, Japan and Taiwan, but his name is not on the official list. was not included. A list of traveling parties released by the speaker's office. 

While in Taiwan, Pelosi (Democrat, California), a long-time critic of China's human rights abuses, called out "the United States' unwavering commitment to uphold Taiwan's vibrant democracy." expressed. 

This photo taken on August 5, 2022 shows US House Speaker Nancy Pelosi (front C), US Ambassador to Japan Rahm Emanuel (front L), US Rep. Raja Krishnamoorthi (front R) and other visiting members of the US Congress attending a plenary session of the Diet, the country's parliament, at the National Diet building in Tokyo.
JIJI Press/AFP via Getty Images

Faced with choices today, the people of Taiwan are more important than ever," she said in a statement.

China extended military exercises in the Taiwan Strait in response to a visit by Pelosi, the highest-ranking US elected official since House Speaker Newt Gingrich in 1997. 

Beijing also announced sanctions against Pelosi and canceled or suspended talks with the US on climate change, military relations and anti-drug efforts. said to do. 

Speaker of the U.S. House Of Representatives Nancy Pelosi (D-CA), center left, meets Taiwan's President Tsai Ing-wen.
Presidential Office by Chien Chih-Hung/Getty Images)
U.S. House of Representatives Speaker Nancy Pelosi visits Japan's Parliament in Tokyo, Japan August 5, 2022.
Reuters/Kazunari Kato
U.S. House of Representatives Speaker Nancy Pelosi visits Japan's Parliament in Tokyo, Japan August 5, 2022.
Reuters/Kazunari Kato

China believes that the autonomous Taiwan is part of its sovereign territory and threatens to reunify the country by force if necessary.

A spokesman for the chairman's office said there were 10 more major shareholders in her than her son, and he now holds about 43,000 shares.

"Decades of policy allow spouses and adult children to accompany delegations to Congress for representative purposes at no cost to the taxpayer." said the spokesman.