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

Published on November 13, 2023

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.” In a letter to the SEC’s Gary Gensler on Nov. 9, Mr. Scott wrote: “Country Garden is currently Communist China’s largest private developer, making this situation very concerning and especially alarming because of the continued access of American capital flow that goes into Communist China.”...

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