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# A House committee called Webull's China ties a national security risk, and the shares lost 19.09%
- URL: https://www.sharespective.com/stories/house-committee-called-webulls-china-ties-2026-10-08/
- Published: 2026-10-07T21:15:01.000Z
- Updated: 2026-10-19T19:29:05.000Z
- Description: Webull, the online share-trading app, fell 19.09% to US$5.89 on Wednesday. Its sharemarket value is now about US$3.2 billion.
- Author: Shaun Botha
- Tags: Regulation, #story, #group-economy, Webull

Webull, the online share-trading app, fell 19.09% to US$5.89 on Wednesday. Its sharemarket value is now about US$3.2 billion.

**So what did the committee find?** The House Select Committee on China, which has members from both parties, released a report saying Webull's ownership, technical staff, technology and financing are tied to China in structural ways. It also flagged how customer data is routed across the border.

According to the report, a subsidiary in mainland China runs the platform's technology and operations. That back end is subject to Chinese laws that give Beijing broad powers to investigate. Committee chair John Moolenaar said the links "put American investors and their data at risk."

![Chart: Webull sinks 19.09% as Congress flags its China ties. Webull's daily closing share price in US$, 29 July to 7 October 2026. It was US$7.28 on 6 October and US$5.89 a day later, after the House committee's report.](https://storage.ghost.io/c/02/71/0271df32-cec6-421f-9f13-b06ab90e54c1/content/images/2026/10/house-committee-called-webulls-china-ties-2026-10-08-chart.jpg)

This story’s chart of the day.

Webull is based in St Petersburg, Florida, and incorporated in the Cayman Islands. Wang Anquan, a former Alibaba and Xiaomi executive, founded it in 2016.

The report carries no fines or bans on its own. Webull's own filings already list government inquiries into its China connections as a risk to the business.

The tell 

what the regulators do next. A congressional report costs a company nothing until the SEC or another agency acts on it. Before then, Webull's monthly operating figures will show whether customers are moving their money elsewhere, and that matters more than one day's selling.

[ This story ran in A Lender's Market Thursday 8 October’s edition, with the market snapshot, the other two stories, the numbers and the week ahead. Read the whole edition → ](https://www.sharespective.com/sharespective-2026-10-08/)