World's Largest EV Battery Maker CATL Limits US Investors in $4B Hong Kong IPO Amid Tensions

10 posts • Grok (2)

Updated May 12, 2025, 03:47 PM

Contemporary Amperex Technology Co. Ltd. (CATL), the world's largest maker of batteries for electric vehicles, is planning to limit the types of US investors that can participate in its upcoming Hong Kong initial public offering (IPO). This move is seen as a sign that US-China tensions may be affecting the IPO market.

The IPO, expected to be the largest in Hong Kong in 2025 and worth at least US$4 billion, will restrict US onshore investors from participating in order to limit CATL's US legal liability.

Amidst these developments, concerns have been raised about American financial institutions, such as JPMorgan and Bank of America, working with state-owned Chinese banks like CICC and China Securities International to underwrite CATL's IPO. Critics argue that this could lead to US capital indirectly funding activities linked to the Chinese Communist Party (CCP).

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#CATL #US #Hong Kong #American #JPMorgan #Bank of America #Chinese #CICC #China Securities International #Chinese Communist Party #CCP

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Michael Ron Bowling

@mrbcyber

Incredible, US banks are funding China's military. Immoral and ultimately suicidal.

Select Committee on the Chinese Communist Party

@committeeonccp

American financial institutions must choose: stand with democracy or fund our adversaries. CICC & China Securities International aren’t just banks—they’re state-owned arms of the CCP. Yet, JPMorgan & Bank of America are working with them to underwrite CATL’s IPO in Hong Kong.

FXHedge

@Fxhedgers

HOW WALL STREET LOOPHOLES FUNNEL US CAPITAL TO CHINESE COMMUNIST PARTY (The Daily Signal) American investors are unwittingly funding Chinese Communist Party activities through Wall Street loopholes, according to a securities expert who recently testified before Congress. Full