WASHINGTON—A rising number of Chinese companies in U.S. capital markets pose a national security risk, warns a hedge fund manager who urges Wall Street to “stop blindly investing” in China.
“Wall Street needs to wake up to the national security implications and the fiduciary problems with investing money in China,” said Kyle Bass, the founder and chief investment officer of Dallas-based Hayman Capital Management, in an interview for the American Thought Leaders ??program.