A congressional probe alleges Wall Street giants helped a Chinese military company raise billions.

By Probe International

A bombshell bipartisan U.S. congressional report has spotlighted Canada’s growing vulnerability to Chinese state-linked influence.

Investigators revealed that major American banks helped companies tied to the Chinese Communist Party’s military and forced-labor networks raise billions — even after Washington designated them as national security threats.

The report warns that Western financial markets are being weaponized for strategic infiltration by Beijing, with Canada particularly exposed. A standout case is Zijin Mining Group. While U.S. lawmakers moved to block the Chinese conglomerate’s access to American capital markets, its Canadian subsidiary has steadily expanded control over Toronto-listed mining assets. Ottawa approved the sensitive acquisitions through national security reviews, allowing the deals to proceed.

The contrast is stark: as the U.S. tightens restrictions, Canada has emerged as a more permissive gateway for Chinese state-linked capital, influence, and strategic control over critical resource sectors of the Canadian economy.

For more on this, see: Select Committee Finds JPMorgan, Bank of America, and Morgan Stanley Bankrolled Chinese Military-Linked Companies Despite Forced Labor and National Security Warnings.