Senator, Analysts Warn US Investors in ‘CCP-Run’ Companies

Senator, Analysts Warn US Investors in ‘CCP-Run’ Companies
This aerial photo taken on October 18, 2023 shows buildings of China's developer Country Garden Holdings in Suqian, in China's eastern Jiangsu province. (Photo by AFP) / China OUT Photo by STR/AFP via Getty Images
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In the wake of Country Garden’s dollar debt default and its adverse effect on investors, Sen. Rick Scott (R-Fla.) wants the Securities and Exchange Commission’s (SEC) Chair to investigate China’s opaque financial environment and hold Chinese Communist Party-run companies accountable for mitigating risks to America’s investors, families, its economy, and its national security.

Mr. Scott has also urged both government agencies and private companies to separate their operations and assets “from the genocidal Communist Chinese regime.”