Wall Street Execs Recognize Need to Restrict Flow of US Capital to China: Gallagher

Wall Street leaders have expressed a general willingness to pull back investment from China, according to the House China Committee chairman.

Committee chairman Rep. Mike Gallagher (R-Wis) speaks during a House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party meeting on "Taiwan Tabletop Exercise (TTX)," a war games simulation, on Capitol Hill in Washington on April 19, 2023. Amanda Andrade Rhoades/Reuters

NEW YORK—Wall Street leaders have expressed a general willingness to pull back investment from China, according to House China Committee Chairman Rep. Mike Gallagher (R-Wis.).

On the first day of his two-day stopover in New York, Mr. Gallagher, along with seven other members of his committee, hosted top Wall Street figures at a tabletop exercise to game out the implications of economic competition with the Chinese Communist Party (CCP) over Taiwan.