Nid ydym yn gwybod a yw'r ymateb mwyaf diweddar i'r cais hwn yn cynnwys gwybodaeth neuai peidio - os chi ywOliver Walsh mewngofnodwch a gadael i bawb wybod.

College Investments And Links To Chinese Companies and Universities

We're waiting for Oliver Walsh to read recent responses and update the status.

Dear St John's College, Cambridge,

This is a formal request under the Freedom of Information Act 2000.

Could you please provide:

(1) A list of companies which the College holds stocks and shares in, specifying how many shares are held and the approximate value of the shareholding.

(2) A list of exchange traded funds, private equity funds, mutual funds, index funds, commodities, hedge funds, and bonds that the college has investments in, including the approximate value of each.

(3) In the case of any indirectly held or fund-based investments a breakdown of the companies invested in through the fund, including the percentage of the total fund made up by each holding.

(4) A list of donations from and other professorships, fellowships, institutes or any other academic opportunities funded by Chinese companies including, but not limited to:

- Huawei
- Alibaba
- Tencent
- China Electronics Technology Group Corporation
- Yitu
- Megvii
- SenseTime
- CloudWalk
- Hikvision

(5) A list of any other instances of cooperation, academic or otherwise, between the College and universities and companies based in China.

If you are to invoke Section 43 to withhold information in relation to any of these questions please note you must provide details of the exact FOIA exemption, details of who would be prejudiced by this information, and a public interest test justifying a conclusion with arguments for and against the release of the information.

If you are to invoke Section 12 to withhold information in relation to any of these questions please provide details of how locating, retrieving and extracting this information would exceed the appropriate limit of £450 as set out in the Freedom of Information and Data Protection (Appropriate Limit and Fees) Regulations 2004. Please also be aware of your duty under section 16 (1) of the Act to advise and assist me in narrowing my request to bring it within the appropriate limit.

Thank you very much for your assistance with this request. If you would like any clarification on the information I have asked for, please don’t hesitate to get in touch. I look forward to receiving your response in the next 20 working days.

Yours faithfully,

Oliver Walsh

Freedom of Information Officer, St John's College, Cambridge

I am out of the office until Thursday 22nd July. I will respond to your
email as soon as possible upon my return, many thanks for your patience.

Yours sincerely,

 

Communications Officer (Freedom of Information)

St John’s College

Cambridge

CB2 1TP

Registered Charity No. 1137428

Freedom of Information Officer, St John's College, Cambridge

Dear Oliver Walsh,

Thank you for your Freedom of Information request concerning investments
by St John’s College and links to Chinese companies and universities.

 

In accordance with the UK's Freedom of Information Act 2000 you will
receive a response by no later than Monday 16th August.

Yours sincerely,

 

Communications Officer (Freedom of Information)

St John’s College

Cambridge

CB2 1TP

Registered Charity No. 1137428

--------------------------------------------------------------------------

From: Oliver Walsh <[FOI #774901 email]>
Sent: 18 July 2021 15:11
To: Freedom of Information Officer <[email address]>
Subject: Freedom of Information request - College Investments And Links To
Chinese Companies and Universities
 
Dear St John's College, Cambridge,

This is a formal request under the Freedom of Information Act 2000.

Could you please provide:

(1) A list of companies which the College holds stocks and shares in,
specifying how many shares are held and the approximate value of the
shareholding.

(2) A list of exchange traded funds, private equity funds, mutual funds,
index funds, commodities, hedge funds, and bonds that the college has
investments in, including the approximate value of each.

(3) In the case of any indirectly held or fund-based investments a
breakdown of the companies invested in through the fund, including the
percentage of the total fund made up by each holding.

(4) A list of donations from and other professorships, fellowships,
institutes or any other academic opportunities funded by Chinese companies
including, but not limited to:

- Huawei

- Alibaba

- Tencent

- China Electronics Technology Group Corporation

- Yitu

- Megvii

- SenseTime

- CloudWalk

- Hikvision

(5) A list of any other instances of cooperation, academic or otherwise,
between the College and universities and companies based in China.

If you are to invoke Section 43 to withhold information in relation to any
of these questions please note you must provide details of the exact FOIA
exemption, details of who would be prejudiced by this information, and a
public interest test justifying a conclusion with arguments for and
against the release of the information.

If you are to invoke Section 12 to withhold information in relation to any
of these questions please provide details of how locating, retrieving and
extracting this information would exceed the appropriate limit of £450 as
set out in the Freedom of Information and Data Protection (Appropriate
Limit and Fees) Regulations 2004. Please also be aware of your duty under
section 16 (1) of the Act to advise and assist me in narrowing my request
to bring it within the appropriate limit.

Thank you very much for your assistance with this request. If you would
like any clarification on the information I have asked for, please don’t
hesitate to get in touch. I look forward to receiving your response in the
next 20 working days.

Yours faithfully,

Oliver Walsh

-------------------------------------------------------------------

Please use this email address for all replies to this request:

[FOI #774901 email]

Is [St John&#39;s College, Cambridge request email] the wrong address for Freedom of Information requests
to St John's College, Cambridge? If so, please contact us using this form:

[1]https://www.whatdotheyknow.com/change_re...

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For more detailed guidance on safely disclosing information, read the
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[3]https://www.whatdotheyknow.com/help/ico-...

Please note that in some cases publication of requests and responses will
be delayed.

If you find this service useful as an FOI officer, please ask your web
manager to link to us from your organisation's FOI page.

-------------------------------------------------------------------

References

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Freedom of Information Officer, St John's College, Cambridge

Dear Oliver Walsh,

 

Thank you for your Freedom of Information request concerning investments
by St John’s College (the 'College') and links to Chinese companies and
universities.

 

You may already be aware of this but the College’s Annual Report and
Financial Statements for the year ended 30 June 2020 (available [1]here)
includes information on our investments. With reference to your specific
requests, please find my answers below in blue.

 

1) A list of companies which the College holds stocks and shares in,
specifying how many shares are held and the approximate value of the
shareholding.

The College does not hold stocks or shares in any companies. All our
investments are in pooled vehicles (such as unit trusts).

2) A list of exchange traded funds, private equity funds, mutual funds,
index funds, commodities, hedge funds, and bonds that the college has
investments in, including the approximate value of each.

The College had securities investments in the following asset classes:

 

+---------------------------------------------------------+
| | £m|
|----------------------------------------------+----------|
|Public market equities | 161|
|----------------------------------------------+----------|
|Private equity | 47|
|----------------------------------------------+----------|
|Alternative credit | 26|
|----------------------------------------------+----------|
|Total securities investments at 30 June 2020 | 234|
+---------------------------------------------------------+

 

Included in public market equities was c. £111m of investments in passive
(index tracker) funds, FTSE RAFI fund and World Index Equity fund, which
are managed by State Street Global Advisers (SSgA). Further information
about these funds is available from the SSgA website.

The remainder of the securities investments were in pooled vehicles.

The remainder of the information that you requested is exempt under
sections 41 and 43 of the Freedom of Information Act 2000 (‘FOIA’) and is
therefore withheld. Please see my answer to question 3 for further
information on these exemptions.

3) In the case of any indirectly held or fund-based investments a
breakdown of the companies invested in through the fund, including the
percentage of the total fund made up by each holding.

The College does not generally hold information on the breakdown of
company holdings within pooled funds in which it invests or the value of
such holdings. Where it does hold that information, the information is
exempt under sections 41 and 43 of the FOIA and is therefore withheld.

Section 43 of the FOIA

Section 43 of the FOIA provides a statutory exemption from disclosure if
the disclosure of information would, or would be likely to, prejudice the
commercial interest of any person, including, where appropriate, the
public authority holding the information.

In the case of the information you have requested, the College considers
that disclosure would prejudice its own commercial interests, as well as
those of the investment consultants and investment managers and the funds
in which it invests.

The College has undertaken significant efforts in determining its
investment strategy, appointing investment consultants and researching the
investment managers and investments in which it invests, and intends to
invest, in order to determine which investments are optimal. Some of those
appointments have been made, and that research has been undertaken by
third parties on a commercial basis, at cost to the College.

Disclosure of the requested information would or could:

·         allow other organisations to use the work done by or on behalf
of the College for their own purposes, at a substantially reduced or zero
cost;

·         result in the College being prevented from making further
investments with the same investment funds in the future if capacity
constraints arose due to other organisations making investments in the
same funds;

·         lead to returns from an investment strategy being eroded if
additional funds were deployed in the strategy as a result of disclosure;

·         result in the College being prevented from making further
investments with investment funds in the future, if the information it
holds were to be disclosed, as investment consultants, managers or funds
could refuse investments from public sector bodies if the commercially
sensitive information was to be placed into the public domain by virtue of
a request made under the FOIA.

Having determined that section 43 of the FOIA is engaged, the College has
gone on to consider both the public interest in favour of disclosure and
the public interest in maintaining the exemption.

In so doing, the College has considered carefully the following factors,
which favour disclosure of the requested information:

·         There is a general public interest in ensuring accountability
and transparency of public authorities.

·         Disclosure may promote accountability and transparency in the
workings of public authorities.

The College has also considered the following factors in favour of
maintaining the statutory exemption on disclosure under section 43 of the
FOIA:

·         There is a substantial value of the requested information to the
public, to other investment consultants, managers and investors in this
competitive market.

·         Disclosure of the requested information would impair the
College’s ability to achieve, what it considers, the best investment
outcomes and would negatively impact the investment consultants and
managers themselves.

·         For the reasons above, the potential investments and investment
strategies available to the College would be adversely affected should the
requested information be disclosed.

·         It was always the College’s and investment managers’ intention
that investment information of the nature requested should be treated
confidentially.

·         Making public the investment information requested would damage
the strong relationship of trust which the College has with investment
consultants and managers. Disclosure of the investment information would
potentially have significant and detrimental effects on the College’s
ability to work with these consultants and managers in the future and this
in turn could potentially reduce the College’s investment opportunities
and thereby its future returns.

·         In any event, there is sufficient information already available
in the public domain regarding the means by which the College engages in
investments to further any public debate.

Having weighed up the public interest considerations, the College has
concluded that disclosure of the information within the scope of the
Request would do little to enable members of the public to understand the
College’s operations, but conversely would have a substantial and adverse
effect on both it and third parties.

Section 41 of the FOIA

Section 41 of the FOIA provides that information is exempt from disclosure
if it was obtained from another person or organisation and disclosure
would result in an actionable breach of confidence.

Certain of the withheld information was provided to the College in
conditions of confidence by third parties. In particular, the College was
provided with information on investments by independent investment
consultants and managers which are separate legal entities to the College
and are not otherwise part of the College.

Having considered the terms on which the information was provided, the
College is satisfied in the circumstances that section 41 of the FOIA is
engaged.

 

4) A list of donations from and other professorships, fellowships,
institutes or any other academic opportunities funded by Chinese companies
including, but not limited to Huawei, Alibaba, Tencent, China Electronics
Technology Group Corporation, Yitu, Megvii, SenseTime, CloudWalk, and
Hikvision:
According to our records the College has received no donations from
Chinese companies and no other professorships, fellowships, institutes or
any other academic opportunities have been funded by Chinese companies.
Records held date from 2007.
5) A list of any other instances of cooperation, academic or otherwise,
between the College and universities and companies based in China.

The College has an [2]exchange programme with the China UK Development
Centre (CUDC) and a [3]scholarship programme for Hong Kong residents who
have gone to school in Hong Kong. The College’s Director of Scholarships
and International Programmes regularly gives talks at independent and
local schools in Hong Kong as well as in fairs organised by educational
organisations (for example [4]Amber and [5]FDMT).

 

Please note that some Fellows, students and staff at the College may have
their own collaborations with institutions in China, but we would not
normally know about these.

 

If you are dissatisfied with my response you may seek an internal review
in writing setting out the grounds for review. It will be dealt with by a
College Officer. Should you not be satisfied with the outcome of the
review, you will have a right of appeal to the Information Commissioner by
writing to him at Information Commissioner's Office, Wycliffe House, Water
Lane, Wilmslow, Cheshire, SK9 5AF.

 

Yours sincerely,

 

Communications Officer (Freedom of Information)

St John’s College

Cambridge

CB2 1TP

Registered Charity No. 1137428

 

 

------------------------------------------------------------------------

From: Oliver Walsh <[FOI #774901 email]>
Sent: 18 July 2021 15:11
To: Freedom of Information Officer <[email address]>
Subject: Freedom of Information request - College Investments And Links To
Chinese Companies and Universities

 

Dear St John's College, Cambridge,

This is a formal request under the Freedom of Information Act 2000.

Could you please provide:

(1) A list of companies which the College holds stocks and shares in,
specifying how many shares are held and the approximate value of the
shareholding.

(2) A list of exchange traded funds, private equity funds, mutual funds,
index funds, commodities, hedge funds, and bonds that the college has
investments in, including the approximate value of each.

(3) In the case of any indirectly held or fund-based investments a
breakdown of the companies invested in through the fund, including the
percentage of the total fund made up by each holding.

(4) A list of donations from and other professorships, fellowships,
institutes or any other academic opportunities funded by Chinese companies
including, but not limited to:

- Huawei

- Alibaba

- Tencent

- China Electronics Technology Group Corporation

- Yitu

- Megvii

- SenseTime

- CloudWalk

- Hikvision

(5) A list of any other instances of cooperation, academic or otherwise,
between the College and universities and companies based in China.

If you are to invoke Section 43 to withhold information in relation to any
of these questions please note you must provide details of the exact FOIA
exemption, details of who would be prejudiced by this information, and a
public interest test justifying a conclusion with arguments for and
against the release of the information.

If you are to invoke Section 12 to withhold information in relation to any
of these questions please provide details of how locating, retrieving and
extracting this information would exceed the appropriate limit of £450 as
set out in the Freedom of Information and Data Protection (Appropriate
Limit and Fees) Regulations 2004. Please also be aware of your duty under
section 16 (1) of the Act to advise and assist me in narrowing my request
to bring it within the appropriate limit.

Thank you very much for your assistance with this request. If you would
like any clarification on the information I have asked for, please don’t
hesitate to get in touch. I look forward to receiving your response in the
next 20 working days.

Yours faithfully,

Oliver Walsh

-------------------------------------------------------------------

Please use this email address for all replies to this request:

[FOI #774901 email]

Is [St John&#39;s College, Cambridge request email] the wrong address for Freedom of Information requests
to St John's College, Cambridge? If so, please contact us using this form:

[6]https://www.whatdotheyknow.com/change_re...

Disclaimer: This message and any reply that you make will be published on
the internet. Our privacy and copyright policies:

[7]https://www.whatdotheyknow.com/help/offi...

For more detailed guidance on safely disclosing information, read the
latest advice from the ICO:

[8]https://www.whatdotheyknow.com/help/ico-...

Please note that in some cases publication of requests and responses will
be delayed.

If you find this service useful as an FOI officer, please ask your web
manager to link to us from your organisation's FOI page.

-------------------------------------------------------------------

References

Visible links
1. https://www.joh.cam.ac.uk/document-libra...
2. https://www.joh.cam.ac.uk/cudc-china-uk-...
https://www.joh.cam.ac.uk/cudc-china-uk-...
3. https://www.joh.cam.ac.uk/st-johns-hong-...
https://www.joh.cam.ac.uk/st-johns-hong-...
4. http://amberedu.com.hk/
5. https://www.fdmt.hk/
6. https://www.whatdotheyknow.com/change_re...
7. https://www.whatdotheyknow.com/help/offi...
8. https://www.whatdotheyknow.com/help/ico-...

Nid ydym yn gwybod a yw'r ymateb mwyaf diweddar i'r cais hwn yn cynnwys gwybodaeth neuai peidio - os chi ywOliver Walsh mewngofnodwch a gadael i bawb wybod.