This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
US lawmakers are urging JPMorgan Chase and Bank of America to withdraw from underwriting a controversial Chinese battery firm’s IPO. The firm, CATL, is accused of ties to forced labor camps in Xinjiang. The banks face growing scrutiny over their involvement in the $4.6 billion Hong Kong listing.
- CATL's IPO is under scrutiny due to alleged ties to Xinjiang forced labor camps.
- JPMorgan Chase and Bank of America are key underwriters for the $4.6 billion Hong Kong listing.
- US lawmakers warn of CATL's connections to China's military and human rights abuses.
📎 Related coverage from: dailyhodl.com