To: bull_dozer who wrote (213621 ) 4/17/2025 10:38:42 PM From: TobagoJack Respond to re <<Wall St. bloomberg.com House China Committee Urges US Banks to Drop CATL Listing Roles Dave Sebastian and Julia Fioretti Contemporary Amperex Technology Co. ’s shares fell Friday after a US congressional committee called on two American banks to withdraw from working on the Chinese battery maker’s planned initial public offering in Hong Kong.Bank of America Corp. and JPMorgan Chase & Co. are exposing themselves and their American investors to “significant regulatory, financial and reputational risks” by underwriting CATL’s listing, House Select Committee on the Chinese Communist Party Chairman John Moolenaar, a Republican from Michigan, said in letters addressed to JPMorgan Chief Executive Officer Jamie Dimon and Bank of America CEO Brian Moynihan.two letters highlighted the inclusion of CATL, as the company is known, on a Pentagon blacklist in January, citing its alleged links to the Chinese military. US President Donald Trump’s America First Investment Policy memo also aims to deter Wall Street from steering American retail investors into funding CATL’s listing, according to the letters.Tesla Inc. , has protested its inclusion in the US blacklist. While the blacklist carries no specific sanctions, it discourages firms from dealing with its members.won Hong Kong’s approval earlier this month to proceed with a listing that may fetch at least $5 billion, which may be the world’s biggest such offering this year. banks on Xiaomi Corp. ’s $5.5 billion share sale alongside Goldman Sachs Group Inc. and China International Capital Corp. Both JPMorgan and Bank of America worked on Baidu Inc. ’s $2 billion sale of bonds exchangeable into shares of Trip.com Group Ltd. weighing on share sale activity in the US and Europe, with most potential IPOs on hold amid market turmoil.calling Chinese AI company DeepSeek a “profound threat” to US national security, and urged Nvidia Corp. to hand over information on its sales of chips to the firm.
