On this Friday – for something slightly different on this website:
If China is hacking our computer networks as has been proven time and again – should people be allowed to buy Chinese stocks on our Stock exchanges?
Since Chinese companies are partly directed by the Chinese Communist Party (CCP)due to all companies being required to allow a party member on the board and a right of the CCP to direct the company in certain situations. Because of the heavy influence of the CCP which is also directing the hacking of our companies and our financial/personal data. proven by the FBI:
So does that mean, when you buy a Chinese company stock… Does that mean you are asking for more hacking of your financial data? More hacking of our Intellectual property in our stock companies. does that mean when you are buying Chinese stocks, are you funding Chinese hacking activities in our country?
I am all for trying to get our computer defenses to be better, but why also give hackers better resources?
Is there truth to this story?
Americans Are Investing More in China—and They Don’t Even Know It
So it is true there is a connection between US Stock exchanges, financial companies and Chinese companies.
The Complete list of Chinese stock companies on NYSE and NASDAQ:
https://topforeignstocks.com/foreign-adrs-list/the-full-list-of-chinese-adrs/
There are over 100 Chinese companies on US stock exchanges
2 lists on the website have 138 and 152 entries.
On uscc.gov website there is a list with 156 companies: including 111, Inc which has diabetes products.
Since we know that the hackers from the PLA are hacking US companies to find all the info on vaccine research.
nih.gov post says there are many state run and private vaccine manufacturers in China
“According to the CFDA(China Food and Drug Administration), China has 34 vaccine manufacturers, of which four are international joint ventures, seven are state run and the rest are private. All 34, it says, have met the most recent (2010) Good Manufacturing Practices requirements.”
The health care companies listed in the NASDAQ and NYSE are not in this article, but as the nih .gov page said there are many private companies making vaccines.
Is it possible that Chinese companies are benefiting from hacking methods of the state sponsored PLA hacking teams? It is possible and probably in China if it is possible it is likely done. In a country with CCP as the top controlling entity it is likely that one region among many has the angle of corruption between local and national government workers which want to make some money on the side. This is why there are so many hacking groups out of China.
remember the following from US Department of Justice:
“Indictment Alleges Two Hackers Worked With the Guangdong State Security Department (GSSD) of the Ministry of State Security (MSS), While Also Targeting Victims Worldwide for Personal Profit”
“China has now taken its place, alongside Russia, Iran and North Korea, in that shameful club of nations that provide a safe haven for cyber criminals in exchange for those criminals being ‘on call’ to work for the benefit of the state, here to feed the Chinese Communist party’s insatiable hunger for American and other non-Chinese companies’ hard-earned intellectual property, including COVID-19 research,” said Assistant Attorney General for National Security John C. Demers.
This is why I make the connection between the Chinese state hacking campaign and the Chinese companies which are listed on US financial exchanges.
I realize we all want to make a dollar in the stock market, but it does not make sense to make a dollar and then have it stolen by funding the criminals. Basically all the money you make from the Chinese companies in the NYSE and NASDAQ is going to be stolen right back to China.