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JPMorgan, Bank of America Subpoenaed Over IPO of China’s CATL

Summary by The Epoch Times
The House Select Committee on the Chinese Communist Party has issued subpoenas to JPMorgan Chase and Bank of America, requiring the banks to provide documents related to their roles in the initial public offering (IPO) of Chinese battery maker Contemporary Amperex Technology Co. (CATL). In a July 24 statement, Rep. John Moolenaar (R-Mich.), chair of the committee, said CATL is “a key player in China’s military-civil fusion strategy,” which poses…

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U.S. lawmakers asked JPMorgan Chase & Co. and Bank of America Corp. to submit documents related to their roles in the initial public offerings of Chinese electric vehicle battery suppliers, saying they wanted to “focus on ensuring Wall Street acts in the best interests of the United States, not Beijing.”

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美国之音 broke the news in on Thursday, July 24, 2025.
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