The chair of the House China panel has urged JPMorgan Chase and Bank of America to halt work on the Hong Kong listing of Chinese battery maker CATL, in a further escalation of Washington’s bid to pressure Beijing.
John Moolenaar, the Republican lawmaker who heads the China panel in the US House of Representatives, made the request in separate letters to JPMorgan’s chief Jamie Dimon and BofA’s CEO Brian Moynihan, which were published on Thursday.
The letters are the latest sign of how the US is seeking to use its economic heft to ratchet up the pressure on Beijing. President Donald Trump earlier this month put tariffs of 145 per cent on many Chinese imports in a move that will probably hit both economies.