HOUSE_OVERSIGHT_020568.jpg
1.91 MB
Extraction Summary
1
People
6
Organizations
2
Locations
1
Events
1
Relationships
3
Quotes
Document Information
Type:
Government report / house oversight committee document
File Size:
1.91 MB
Summary
This document is page 109 of a House Oversight Committee report (Section 7) discussing the risks of Chinese business practices in the United States. It details the expansion of Chinese banks in the US, noting significant asset growth and specific Federal Reserve enforcement actions against major Chinese banks for money laundering failures between 2015 and 2018. The text also analyzes how China manipulates American companies and executives to influence US policy and conduct technology transfer. While part of a larger cache that may relate to investigations involving Epstein (likely regarding financial oversight or foreign connections), this specific page does not mention Epstein personally.
People (1)
| Name | Role | Context |
|---|---|---|
| Donald Trump | President (referenced via 'Trump administration') |
Mentioned regarding administration's complaints about forced technology transfer by China.
|
Organizations (6)
| Name | Type | Context |
|---|---|---|
| Federal Reserve |
Took enforcement action against Chinese banks for anti-money laundering failures.
|
|
| China Construction Bank |
Subject to enforcement action by the Federal Reserve.
|
|
| Agricultural Bank of China |
Subject to enforcement action by the Federal Reserve.
|
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| Industrial & Commercial Bank of China |
Subject to enforcement action by the Federal Reserve.
|
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| European Union |
Cited as having complaints regarding China's forced technology transfer.
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| House Oversight Committee |
Source of the document (inferred from footer).
|
Timeline (1 events)
2015, 2016, and 2018
Enforcement actions by the Federal Reserve against China Construction Bank, Agricultural Bank of China, and Industrial & Commercial Bank of China.
United States
Locations (2)
| Location | Context |
|---|---|
|
Location of banking operations and legal jurisdiction mentioned.
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|
|
Country of origin for banks and subject of the report's analysis.
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Relationships (1)
China has frequently cultivated, even leveraged, American executives to lobby against policies it opposes.
Key Quotes (3)
"China scores poorly on international indices of corruption."Source
HOUSE_OVERSIGHT_020568.jpg
Quote #1
"In 2015, 2016, and 2018, China Construction Bank, the Agricultural Bank of China, and Industrial & Commercial Bank of China were respectively subject to enforcement action by the Federal Reserve for not doing enough to fight money laundering."Source
HOUSE_OVERSIGHT_020568.jpg
Quote #2
"China’s forced transfer of technology by foreign firms, as a condition of operating in China, is one of the main complaints of both the Trump administration and the European Union."Source
HOUSE_OVERSIGHT_020568.jpg
Quote #3
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