US House Select Committee on China Warns of National Security Threat Due to Webull's China Ties
BULL Webull Corp
$5.89 -19.09%
View chart & analysis → - 1The House Select Committee on China stated that Webull's ownership structure and technical infrastructure are structurally linked to the Chinese government.
- 2Regarding Webull's $24.6 billion in customer assets, there are concerns over billions of dollars in structural exposure of US capital.
- 3It was found that 62% of Webull's total global workforce belongs to subsidiaries in mainland China.
So what's the key point?
The US Congress warned that Webull could pose a national security threat due to its connections with the Chinese government. With 62% of its total workforce located in mainland China, US capital could be exposed to risk.
Source CNBC +11 · View original ↗
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