House Committee Report Exposes US Banks’ Role in Financing Chinese Military-Linked Firm CATL

Congressional investigators have accused major U.S. banks of aiding the Chinese battery giant CATL in raising billions of dollars from global investors despite national security concerns. The House Select Committee on the Chinese Communist Party’s report highlights JPMorgan Chase and Bank of America’s involvement in underwriting CATL’s Hong Kong IPO and subsequent offerings, even after the Pentagon identified the company as linked to China’s military in 2025. The report raises questions about whether American financial institutions should be supporting companies associated with China’s military, particularly when legal loopholes allow such activities. While the Pentagon’s designation of CATL did not explicitly…