China Must Play by the Same SEC Rules
I am writing to urge you to correct an outrageous mistake: Since May 2013, the U.S. government has allowed the Chinese Communist Party (CCP) and its companies to enjoy preferential treatment in our capital markets. As a result, our stock and bond exchanges have been underwriting a regime whose hostility towards us and determination to dominate the world represent what Ronald Reagan would call an “existential threat to freedom.”
Included among those Chinese companies are ones that have been sanctioned by our country, help the CCP oppress its own people and build weapons designed to attack us. And all of these companies withhold information American investors need to be protected against fraud and undisclosed material risks.
As my representative, I hope you will act to ensure that, if Chinese corporations are allowed to be registered in our capital markets, they must play by our rules.
Thank you.
China Must Play by the Same SEC Rules
I am writing to urge you to correct an outrageous mistake: Since May 2013, the U.S. government has allowed the Chinese Communist Party (CCP) and its companies to enjoy preferential treatment in our capital markets. As a result, our stock and bond exchanges have been underwriting a regime whose hostility towards us and determination to dominate the world represent what Ronald Reagan would call an “existential threat to freedom.”
Included among those Chinese companies are ones that have been sanctioned by our country, help the CCP oppress its own people and build weapons designed to attack us. And all of these companies withhold information American investors need to be protected against fraud and undisclosed material risks.
As my representative, I hope you will act to ensure that, if Chinese corporations are allowed to be registered in our capital markets, they must play by our rules.
Thank you.