In an eye-opening revelation that sounds more like a plot from a Cold War thriller than a headline from today’s newspapers, we’ve been jolted awake to a stark reality: the Chinese Communist Party (CCP) has not only set its sights on but has planted its flag deep within the American financial sector. The case in point involves the US branch of China International Capital Corporation (CICC), a behemoth in the investment banking world, headquartered on the iconic Park Avenue, the very heart of New York’s financial district. Here, amidst the giants of capitalism, a federal discrimination suit has unearthed an alarming truth: a CCP cell operates with impunity, dictating allegiance to the party above all.
Andrea Bischof, a former American trader at CICC, has blown the whistle on practices that should send shivers down the spine of any patriot. Allegations that she was overlooked for promotion, despite being highly praised for her work, due to her non-membership in the CCP and her American nationality are troubling enough. But the revelation that CICC employees were mandated to follow eight rules, the foremost being never to violate party and state policies, is an affront to the very principles of freedom and democracy on which this nation was founded. The lawsuit paints a picture of a workplace not just under the watchful eye of corporate management, but under the iron grip of the CCP.
In her lawsuit, Bischof alleged that the bank’s Park Avenue office established CCP committees such as the “Committee on Serving National Strategy” and the “Steering Group for Culture Development.” More disturbing is the claim that annual performance reviews for staff included assessments of loyalty to the CCP, underscoring how deeply the tentacles of the CCP are entwined not just within Chinese state-owned enterprises, but also within their operations on American soil.
What’s more, the backbone of this operation, China Construction Bank, is state-owned and controlled by none other than the CCP itself. This revelation shatters any illusion of Chinese investment banks operating as independent entities. They are, as Derek Scissors of the American Enterprise Institute aptly puts it, tools of the Communist state. The implications are grave: senior executives must toe the party line, ensuring that foreigners are kept at arm’s length from any position of influence.
Bischof’s lawsuit, while voluntarily withdrawn, has laid bare a truth that can no longer be ignored: the infiltration of the CCP into the American financial sector is a calculated move to undermine the United States from within. As we stand at this critical juncture, the question remains: will we continue to allow foreign adversaries to exploit our open society, or will we take a stand to safeguard our national interests? The answer, for the sake of our nation’s future, must be the latter.
