EXPOSED: How Wall Street Funnels US Money to CCP

The Daily Signal Podcast

The Daily Signal

News, Government, Politics, Daily News

4.6 • 1.2K Ratings

🗓️ 11 May 2025

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this eye-opening episode of The Daily Signal podcast, Rob Bluey interviews Chris Iacovella, CEO of the American Securities Association. Iacovella recently testified before Congress about a disturbing financial reality many Americans are unaware of. Iacovella explains how Wall Street exploits multiple loopholes that allow companies controlled by the Chinese Communist Party (CCP) to access American capital markets, despite laws prohibiting foreign ownership of Chinese companies. Key points discussed: How American investments are unknowingly funding CCP activities, including the internment of Uyghurs, PLA weapons systems, cyber attacks against the U.S., and what the State Department has classified as genocide The "Variable Interest Entity" loophole: Americans who think they're buying shares in Chinese companies like Alibaba are actually only purchasing rights to a contract with a Cayman Islands company that contracts with the mainland Chinese company The "Passive Index" loophole: Asset managers include mainland Chinese companies in index funds sold to U.S. investors, allowing these companies to access American capital without complying with U.S. laws and regulations Bipartisan legislation from Rep. Andy Barr and Sen. John Cornyn aimed at identifying Chinese companies with ties to the military or specific technology infrastructure Why China's economic competition is fundamentally unfair: "When you have slave labor, no environmental laws, no OSHA laws, and no labor laws, of course it's going to be cheaper" Iacovella also explains the mission of the American Securities Association as a non-Wall Street trade association representing approximately 100 member firms across the country. Its mission is to "promote investor trust and confidence and to facilitate the flow of capital to small businesses across America." Listen now to understand how your investments might be inadvertently supporting a foreign adversary and what you can do about it. Keep Up With The Daily Signal Sign up for our email newsletters: https://www.dailysignal.com/email⁠⁠⁠⁠⁠ Subscribe to our other shows: Problematic Women: https://www.dailysignal.com/problematic-women⁠⁠⁠⁠⁠ The Signal Sitdown: https://www.dailysignal.com/the-signal-sitdown⁠⁠⁠⁠⁠ The Tony Kinnett Cast: https://www.dailysignal.com/the-tony-kinnett-cast Follow The Daily Signal: X: ⁠⁠https://x.com/DailySignal⁠⁠⁠⁠⁠ Instagram: https://www.instagram.com/thedailysignal/⁠⁠⁠⁠⁠ Facebook: https://www.facebook.com/TheDailySignalNews/⁠⁠⁠⁠⁠ Truth Social: https://truthsocial.com/@DailySignal⁠⁠⁠⁠⁠ YouTube: https://www.youtube.com/user/DailySignal⁠⁠⁠⁠⁠ Rumble: ⁠⁠⁠⁠https://rumble.com/c/TheDailySignal⁠⁠⁠⁠⁠ Thanks for making The Daily Signal your trusted source for the day’s top news. Subscribe on your favorite podcast platform and never miss an episode. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Last year, Amazon was the world's largest corporate buyer of renewable energy.
0:07.0	Meaning all and more of our energy comes from wind farms like this one.
0:14.0	Guys, what happened to recording that the solar farms?
0:18.0	To learn more, visit about amazon.com at UK forward slash sustainability.
0:29.6	Wall Street used multiple loopholes to get Chinese companies into our marketplace because they otherwise couldn't be here.
0:36.6	Chinese law prohibits foreign
0:38.7	ownership of their companies because the CCP owns those companies. Whether the CCP owns the
0:44.6	companies through a 1% share that Xi ultimately has a say over or they just don't want you to own
0:50.8	any of it. They control everything and they showed you that a few years ago when
0:55.6	Jack Maad disappeared and the Alibaba incident for, I think it was about eight months. He just disappeared.
1:01.7	The prominent leader of a very large company in China because he wasn't towing the party line.
1:07.8	Chris Ikevella, CEO of the American Securities Association, welcome to The Daily Signal.
1:11.9	Oh, thank you for having me here. You just gave some tremendous testimony before Congress.
1:18.2	And I want to begin there, because what you said in those remarks really opened my eyes to what's
1:23.8	going on between China and Wall Street that I had no idea. So Chris, enlighten us about what your warning was to these senators.
1:31.3	Well, yeah, I think what we tried to do was let the American people know that their money
1:37.3	is going to fund Chinese Communist Party activities.
1:40.3	And what that includes is the internment of Uyghurs funding PLA
1:46.0	weapons system a cyber army that relentlessly attacks this country our businesses
1:50.8	and our people as well as numerous other atrocities from a human rights
1:57.5	perspective including genocide which the State Department has said that the CCP is engaged in. And that's just disgraceful. The fact that there is a loophole that allows
2:06.7	our money to go over there and fund this, this is a foreign adversary. It's egregious and it
	...

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