GOP Sens Urge SEC’s Gensler to Investigate Chinese Companies

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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