HEADQUARTERS
Beijing, China
publicly traded
YES
operations
Global, China, Hong Kong and North America
largest shareholders
Government of China (90.43%) China Securities Finance Corp Ltd (3.768%)
subsidiaries
Bank of China (Hong Kong)
Bank of China (Canada)
total assets
£3.65 trillion (¥35.0613 trillion RMB)
financing overview
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climate crisis
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genocide in Gaza
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Palestine occupation
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controversial weapons
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Migrant abuse
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£55,387,008,000
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£534,000,000
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£71,000,000
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£1,148,800,000
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N/A
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#7 financier of fossil fuel companies in 2024
Finances the Jambi-2 Coal Power Plant in Indonesia |
Provided financing for Boing, Honeywell International, Leonardo, Rolls-Royce and Textron
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Provided financing to Siemens
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Provided financing for Airbus, Boeing, Honeywell and Rolls Royce
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N/A
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Company highlights and involvement
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company involved
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funding
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climate crisis
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gaza genocide
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cont. weapons
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PALESTINE OCCUPATION
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BOEING
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£254m
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HONEYWELL
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£217m
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LEONARDO
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£110m
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PETROCHINA
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£170m
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ROLLS-ROYCE
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£170m
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SIEMENS
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£61m
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AIRBUS
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£339m
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TEXTRON
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£34m
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Fossil fuel companies bankrolling the climate crisis
Funded: £170m
Climate Crisis
human rights abuses
PetroChina, a colossal energy firm and subsidiary of Chinese state-owned CNPC, operates with a deeply troubling global footprint. In Myanmar, its oil and gas pipelines have been directly linked to the forced displacement of indigenous communities, with land seized without proper consent, causing significant disruption to established ways of life. Human rights organisations, including EarthRights International, have put forth serious allegations of PetroChina’s complicity in abuses against ethnic groups, such as the Rohingya, alongside clear evidence of environmental degradation, including widespread deforestation and polluted waterways.
When they confiscated my farm, I was very sad. I could not sleep the whole night. Farms are very important in our life. If we don’t have our farm, how we can survive our life? Now we don’t have enough rice because [we only have] one acre [left]….Everything has being destroyed.
PetroChina’s parent company is also guilty of controversial investments in Sudan’s oil industry, which are widely understood to have provided financial support to the Sudanese military during the horrific Darfur conflict, contributing to immense human suffering. Moreover, the company’s operational integrity has been questioned; a pipeline explosion in 2010 spewed a vast amount of oil into the Yellow Sea, creating one of China’s most severe spills.
Weapons Companies bankrolling the Gaza Genocide and Cont. Weapons
Funded: £254m
controversial weapons
gaza genocide
Boeing is not only a global aerospace giant but also a pivotal enabler of the Israeli genocide of Palestinians. The company has supplied Israel with vast quantities of advanced weaponry, notably its Joint Direct Attack Munition kits, which convert unguided bombs into precision-guided munitions. These Boeing-manufactured weapons have been linked to numerous deadly attacks on densely populated civilian areas, in what Amnesty International and other human rights organisations have condemned as potential war crimes. Boeing’s Apache attack helicopters and F-15 fighter jets have also played a central role in Israeli military campaigns, further amplifying the scale and lethality of operations in Gaza.
Beyond its role in conventional warfare, Boeing is a key contractor in the U.S. nuclear weapons program, maintaining and supporting the guidance systems for Minuteman III intercontinental ballistic missiles, which are central to the U.S. nuclear arsenal. This dual role—supplying both conventional and nuclear arsenals—places Boeing at the heart of global military-industrial power, with its products implicated in both genocide and the ongoing threat of nuclear escalation.
Case study: Joint Direct Attack Munitions used on Palestinians
- Deir al-Balah, Gaza
- Owner: Boeing
On 10 and 22 October 2023, two Israeli air strikes—using Boeing-manufactured Joint Direct Attack Munitions —killed 43 civilians, including 19 children, in Deir al-Balah, Gaza. Amnesty International’s forensic analysis confirmed Boeing’s JDAM fragments and manufacturing codes in the rubble of destroyed homes, where survivors reported no prior warning. The attacks, lacking any apparent military objective, obliterated families and left survivors in shock.
US-made weapons facilitated the mass killings of extended families
Funded: £339m
migrant abuse
gaza genocide
controversial weapons
Airbus SE, headquartered in the Netherlands, is a multinational military and aerospace company that specializes in manufacturing commercial and military aircraft. Between 2008 and July 2024, the U.S. government awarded Airbus over $7.5 billion of contracts, the vast majority of which were held by the Departments of Defense (DHS) and Homeland Security (DHS).
U.S. immigration authority Customs and Border Protection (CBP) uses Airbus helicopters as part of its Air and Marine Operations (AMO) fleet. In 2023 alone, AMO’s enforcement resulted in 1,004 arrests and 89,909 apprehensions of immigrants. According to Airbus, it has provided aircraft for U.S. border enforcement operations since the 1980s.
CBP uses the Airbus AS350 Light Enforcement Helicopter (LEH) for “aerial patrol and surveillance of stationary or moving targets,” particularly in metropolitan areas. These helicopters are equipped with electro-optical (day) and infrared (night) sensors. Airbus has provided CBP with more than 100 helicopters from this series over the years, but started providing CBP with new and improved H125 helicopters, “uniquely configured” for the agency, in 2020. Airbus has described the new model as “one of the most advanced, high-tech law enforcement helicopters ever developed.”
CBP has also used the smaller Airbus EC120 helicopter as a “highly-effective aerial surveillance platform in the border desert areas where terrain can be difficult to traverse on foot.” CBP has frequently used this aircraft to assist ground agents in detecting traces left behind by people crossing the desert.
Airbus has collaborated extensively with Israeli Aerospace Industries (IAI) and between 2008 and 2021 applied for a UK export license to sell weapons to Israel. IAI and Airbus also have historically collaborated in joint commercial ventures. In 2011, Airbus Military and IAI came together to sign a Memorandum of Understanding to develop and market the C295 platform (a combat aircraft with surveillance systems). In 2018, Airbus signed a $600million deal with IAI to lease Heron TP drones to Germany’s Defence Ministry. These are unmanned drones which have been used in Gaza since October 2023, and have been reportedly deployed by German forces in Afghanistan for ‘a number of years’.
Airbus Defence and Space Airborne Solutions, a 100% subsidiary of Airbus, also partners with IAI to operate maritime aerial surveillance services for the European Border Agency. These drones, previously tested in operations conducted by the Israeli armed forces, are used to intercept migrant vessels crossing the Mediterranean. According to Statewatch, the choice of these drones was determined by their “performance… in the maintenance of public order by the Israeli Defence Forces and police forces”, implicating them in the ongoing enforcement of Israel’s system of colonial occupation and apartheid. Airbus has thus not only profited from – and helped Israel to profit from – the sale of weapons tested on Palestinians, but the company has also enabled Israel to establish itself as a leading provider of defence and commercial technologies on the global stage.
Funded: £217m
gaza genocide
controversial weapons
Honeywell International, a global conglomerate, is deeply entrenched in the machinery of conflict, contributing critical components to Israel’s military operations, particularly implicated in the ongoing genocide in Gaza. Its precision-guided munitions have been identified in devastating strikes, including the airstrike on the U.N.-run al-Sardi school on 6th June 2024, which brutally claimed the lives of at least 40 Palestinians, including 14 children.
Beyond its immediate complicity in the Gaza genocide, Honeywell is a linchpin of the US nuclear weapons programme. As the sole manufacturer of critical navigation systems for weapons like the Minuteman III nuclear missile, and a key subcontractor on the Sentinel programme, the company underpins the modernisation of these apocalyptic arsenals. Its subsidiary’s oversight of the Kansas City National Security Campus, responsible for 85% of non-nuclear components for US nuclear weapons, and its operation of the Nevada National Security Site, further highlight its profound connection to instruments of mass destruction.
Funded: £110m
gaza genocide
controversial weapons
The Italian arms giant Leonardo supplies the deadly naval gun systems mounted on Israel’s Sa’ar-class warships, the brutal enforcers of Gaza’s illegal naval blockade. These warships, including the heavily armed Sa’ar 6 corvettes, form the backbone of Israel’s naval oppression, cutting off food, fuel, and medical supplies to Gaza’s besieged population. In October 2023, Leonardo’s weaponry saw its first bloody deployment as Sa’ar 6 ships bombarded Gaza, directly enabling Israel’s indiscriminate assault on Palestinian civilians. By arming these warships, Leonardo isn’t just complicit in collective punishment—it’s a key enabler of what legal experts say constitutes war crimes. While posing as a “defence” contractor, the company profits from the machinery of occupation, turning Gaza’s coastline into a militarised kill zone where Palestinian fishermen are shot at and humanitarian aid is blocked.
Leonardo has a 25% stake in the MBDA joint venture, which produces missiles for the French nuclear arsenal. MBDA is the prime contractor for ASMPA nuclear missiles for the French arsenal. MBDA is also involved in developing the new ASN4G replacement for the ASMPA. The new weapon is scheduled to enter service in 2035 with range exceeding 1,000km, double that of the ASMPA, and will incorporate new hypersonic technologies. Leonardo also provides the integrated electric propulsion components for the U.S. Navy’s Columbia-class submarine, for which it was awarded contracts valued at over $1 billion and $3 billion in April 2023 and January 2024 respectively.
Funded: £256m
gaza genocide
controversial weapons
Rolls-Royce, the UK’s second-largest arms manufacturer, is deeply entwined with both Britain’s nuclear weapons programme and Israel’s machinery of war in Gaza. Through its German subsidiary MTU, Rolls-Royce supplies the engines powering Israel’s Merkava 4 and 5 tanks, Namer armoured personnel carriers, and Eitan armoured fighting vehicles—hardware extensively deployed during the 2023 ground invasion of Gaza, including in attacks on medical facilities such as Shifa Hospital. These engines are the most significant Merkava component made outside Israel, forming the backbone of armoured assaults that have killed thousands and devastated civilian infrastructure. Rolls-Royce also provides propulsion systems for 80% of the Israeli Navy’s patrol boats, which enforce the illegal and deadly blockade of Gaza.
On the nuclear front, Rolls-Royce holds contracts to supply reactor cores for the UK’s Trident missile submarines, directly supporting Britain’s weapons of mass destruction.
Funded: £34m
gaza genocide
controversial weapons
From Gaza’s besieged skies to America’s doomsday missile silos, Textron’s machinery fuels two of the world’s most destructive forces. The company’s Beechcraft aircraft serve as the Israeli military’s eyes in the sky during the Gaza genocide, directing strikes in densely populated areas. These aren’t passive observers—they’re active participants in attacks, their surveillance feeds used to coordinate bombing runs on refugee camps and hospitals.
Meanwhile, Textron’s other division arms the apocalypse, supplying critical components for America’s land-based nuclear missiles—including the new Sentinel program designed to threaten global annihilation for decades to come.
Companies bankrolling the occupation of palestine
Funded: £61m
climate crisis
palestine occupation
Siemens is a publicly traded German multinational technology company. It sells products to the manufacturing, infrastructure and transport sectors. It has sold these products to the Israeli state-owned companies and its products have been used in occupied territories.
Case study: Siemens train cars used in the A1 route
In 2018, Siemens won a tender from the Israeli state-owned railway company, Israel Railways, for the supply of 330 electric cars in the amount of approximately NIS 4 billion, as part of the Israel Railways electrification project, which includes the Tel Aviv Jerusalem Fast Train (A1).
The tender included the provision of wagons in the amount of NIS 3.2 billion, the establishment of the maintenance facility for the wagons in the amount of NIS 230 million and maintenance services in the amount of approximately NIS 400 million. The tender included the purchase of 60 sets of electric cars, which make up about 330 cars, which contain about 33,000 seats. In addition, Siemens will build a maintenance facility for the electric cars for the company and provide maintenance services.
In December 2021, the Siemens train cars came into use in the A1 train route. The A1 train route crosses the Green Line into the occupied West Bank in two areas, using occupied Palestinian land, some of it privately owned, for an Israeli transportation project aimed exclusively for Israelis. In December 2021, the Siemens train cars came into use in the A1 train route. For more on the A1 train see Who Profits report: Crossing the Line: The Tel Aviv Jerusalem Fast Train (A1).”