Senate Republicans are urging Security and Exchange Commission Chair Gary Gensler to investigate an alleged bait and switch by the Chinese Communist Party.
Seven Republican Senators urged in a letter Wednesday for Gensler to investigate concerns the CCP coffered money from American investors after ordering its Cyberspace Administration of China (CAC) to investigate a Chinese company shortly after its IPO filing on the New York Stock Exchange (NYSE).
The senators cited the stock price plunged after Beijing-based ride-hailing company Didi Global had its IPO.
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