Commentary If there’s one area of bipartisan agreement, it’s that the Chinese Communist Party (CCP) presents a grave threat to the free world and our way of life. So, why is Wall Street still financing Beijing’s authoritarian ambitions—with Main Street American investor money? Greed. For decades, Beijing has used Wall Street’s insatiable appetite for profit to infiltrate our capital markets and fund the build-up of its economic and military power. In exchange, Wall Street receives huge fees and access to the Chinese market. This coercive quid pro quo threatens our economic and national security, and harms America’s working families, savers, and retirees. The scale of this cozy relationship—and how it was built—is staggering. CCP-controlled Chinese companies have accessed billions of American investor dollars under false pretenses for years. Between 2009 and 2012, for instance, numerous Chinese companies executed reverse mergers into dormant companies listed on American exchanges, and almost all …
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