End the CCP’s Sweetheart Access to our Capital Markets

2020-05-19

This is Frank Gaffney with the Secure Freedom Minute. How is it that Chinese Communist Party companies get preferential treatment in our capital markets? Unlike American corporations, they don’t have to disclose their financial condition or material risks – leaving investors unprotected from fraud and needless losses. Worse yet, American investors may be putting their money into CCP companies that help the regime threaten our country and violate the human rights of Christians and millions of others...

This is Frank Gaffney with the Secure Freedom Minute.

How is it that Chinese Communist Party companies get preferential treatment in our capital markets? Unlike American corporations, they don’t have to disclose their financial condition or material risks – leaving investors unprotected from fraud and needless losses.

Worse yet, American investors may be putting their money into CCP companies that help the regime threaten our country and violate the human rights of Christians and millions of others in China.

It turns out that the CCP’s companies have been able to tap Wall Street for some $3 trillion to date because the Obama administration let them violate our securities laws, accounting standards and regulations. Reporter John Solomon revealed yesterday that in 2013, then-Vice President Joe Biden personally helped make that happen.

On Sunday, fifty-one of us wrote securities regulators urging them to end this arrangement. Help us do that at PresentDangerChina.org.

This is Frank Gaffney.

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