Kleptocracy Daily: August 25, 2017

“Universities selling their brand to China are much too willing to sell their principles as part of the package,” says Christopher Balding, as “children of Chinese senior party officials who, on paper, make less than $20,000 a year are attending elite U.S. universities and enjoying the benefits while their parents rail against the dangers.” Despite supposedly receiving a liberal education, many such students remain “openly hostile to Western values,” says John Pomfret. (FP, Supchina)

Capital flight from Russia is now equal to the collective wealth of all Russian households, and private wealth held outside the country is around three times larger than official foreign reserves, according to a report by the National Bureau of Economic Research. (RFE/RL)

Who really owns HNA, a top Chinese conglomerate with strategically important U.S. investments? Sinopec, the Chinese state owned oil giant, has recruited Washington lobbyists. (NYT, The Hill)

Xi Jinping appointed Shu Guozeng, a trusted aide, to ensure loyalty and root out corruption ahead of the national congress. (SCMP)

Podesta Group retroactively filed more disclosures about its work for a pro-Kremlin Ukrainian think tank in 2012-14. (Washington Examiner)

When it comes to dirty money in London real estate, ordinary Londoners are the real losers, says Nick Easen. (Raconteur)

The content featured in this e-newsletter is for informational purposes and does not necessarily reflect the views of the Kleptocracy Initiative.