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flag U.S. House committee asks major banks to withdraw from Chinese battery firm CATL’s IPO over military ties concerns.

flag A U.S. House committee has asked Bank of America and JPMorgan Chase to withdraw from their roles in Chinese battery company CATL's upcoming Hong Kong IPO. flag The committee warns of significant risks due to CATL's inclusion on a Pentagon list of companies with ties to the Chinese military, which the company denies. flag The committee cites the "America First Investment Policy" and asks for responses to 21 questions if the banks do not withdraw.

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