Yep. First the Chicoms will let JPM and MS taste the lucractive profits in underwriting Chinese IPO’s. Once hooked onto the profits, China will ask JPM and MS to provide some low level US confidential document if they do not want to lose future lucrative businesses. CEO will conclude the requested US gov documents though confidential contain common knowledge info seemed harmless to furnish in return for keeping the business access alive. Problem is the act is still illegal and the Chicoms will use the transaction to blackmail for more higher level US documents. That is how espionage works. Remember there are many US Treasury workers who want a job in JPM and MS after leaving the government, and they are more then willing to comply with JPM and MS back channel requests for info.