In recent month, we have seen Chinese Communist Party cracking down on a wide range of Chinese companies and industries from Didi to private tutoring to online gaming. These abrupt actions caused U.S. investors to lose billions of dollars. In this interview, Kyle Bass, the founder and chief investment officer of Hayman Capital Management, argues that there is no way that one can discount the CCP risk. The U.S. regulators should start to enforce rules on Chinese companies in order to protect U.S investors. He also thinks that what we are seeing is just the beginning of a major US-China financial decoupling.