House China Committee Urges US Banks to Drop CATL Listing Roles.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Sebastian, Dave; Fioretti, Julia 3 of 3

Abstract

The House China Committee has urged US banks Bank of America and JPMorgan Chase to withdraw from working on the Hong Kong first-time share sale of battery maker Contemporary Amperex Technology Co. Ltd. The committee's chairman, John Moolenaar, issued the requests in letters to the CEOs of the banks, citing concerns related to the Chinese Communist Party. CATL's offering is expected to be the largest listing this year, potentially fetching at least $5 billion. Bloomberg News is seeking comments from CATL, Bank of America, and JPMorgan. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/04, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:184561519
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