From the turn of the 21st century, Chinese companies have been in a frantic race to list in America. 

As Chinese IPOs rushed in, American investors picked up billions of dollars of new equity to feast on the Dragon’s astonishing growth.

Jack Ma’s Alibaba scooped up $25 billion in 2014. It was the biggest IPO in American history.

Thus Alibaba overnight joined the elite club of Facebook, Microsoft, Amazon, and Alphabet, as the five most-owned stocks by hedge funds.

In spite of increasing animosity and confrontation between America and China, the IPOs kept coming to US and millions invested in them.

Even though several companies had invisible links to the Chinese Communist Party (CCP) or the Chinese military or their refusal to get mandatory audits done by the Public Company Accounting Oversight Board (PCAOB),  nothing stopped the IPO juggernaut.

The American public too wanted to make quick money from these Chinese Company’s Shares.

By Jan 2021 about 248 Chinese companies worth over $2 trillion had listed in the US.

This means that China indirectly got hold of two trillion dollars of American wealth!… which were those of the investor’s.

In just the first 3 months of 2021, nearly $7 billion were raised, an eight fold increase over the previous year!

Then something made Jack Ma to publicly criticise China’s regulators.

Maybe he was trying to warn the American public about China’s plan? Maybe he was a whistle blower?

Whatever the case China locked him down. News began to appear that Jack Ma was missing or was arrested by the Chinese Military.

Then antitrust case was raised by the Chinese Government against Alibaba, forcing it to abort Ant’s IPO.

• Alibaba’s shares fell 40% on NYSE.

The 3-step game-plan of China against USA was simple and effective.

1. Raise IPO in USA & get the Stock listed on New York Stock Exchange (NYSE)
2. Hit the company back home with a Government restriction or violation
3. The stock of that company will crash in NYSE

This will ruin American Stock Markets and destroy the wealth of American citizen and America in general.

Soon more missiles started hiting NYSE!

• Didi, China’s Uber-like ride-hailing app, had a rousing IPO in New York on 30 June, 2021. In less than a week, Didi was banned from Chinese app stores, citing data privacy concerns. Nearly $17 billion of American wealth was wiped out. 
• Then food delivery platform Meituan was ordered to comply with tough labour laws, destroying a third of its value.
• Chinese Ed-tech companies were prohibited from doing commercial business. Overnight, their revenue models got killed.
• TAL Education, New Oriental, and Gaotu Techedu, three of the largest US-listed Chinese ed-tech companies, lost 70% of their market cap in hours.
• Tencent’s exclusive rights over 80% of China’s music library were rescinded. The marquee company lost $170 billion of shareholders’ wealth in a few days, perhaps the single-largest stock wipe-out ever recorded.

American investors never before had such an gigantic destruction of their wealth by any country!

Wake up America!

What is shocking is that Chinese investors in US can buy the shares at a low price, then China can reverse its policy decision back home and the share prices will shoot up and the attack can be repeated.

This is a war… where a capitalist American economy is being taken for a ride by Chinese communist! And US has no weapons to match this scale of attack or even defend it.

It might take years to even form a consensus to frame stockmarket rules to prevent such attacks in future.

But how long can a bleeding American economy last?

That is the question!