Chinese bank CMB Wing Lung Bank Ltd. filed a lien against Gotion, Inc., the American front company for Gotion High-Tech, on December 16, 2021.
Gotion filed a financing statement with the California Secretary of State indicating it is a “debtor” to the Hong Kong-based bank:
The public document did not indicate how much debt Gotion, Inc. has incurred, but it is an addition connection to Gotion’s homebase, communist China.
According to the bank’s website, it has 35 branches in Hong Kong, four in mainland China, one in Macau, and two in the United States: Los Angeles and San Francisco.
Wing Lung Bank was purchased in 2008 by China Merchants Bank, which is headquartered in Shenzhen, China.
China Merchants Bank lists its Articles of Association — similar to an American company’s bylaws — on its website, and like Gotion High-Tech, it requires a Chinese Communist Party committee to be active within the corporation:
The bylaws state the bank’s Party Committee shall “Lead the Bank’s ideological and political work”, as well as “strengthen the building of the Bank’s grassroots Party organizations and of its Party members”.
The document also states the bank shall be operated “according to the Constitution of the Communist Party of China and other regulations of the Party”.
Wing Lung Bank’s Articles of Association could not be located.
Gotion High-Tech has included similar language in its bylaws, requiring the company to “Ensure and supervise the implementation of the Party’s guidelines, principles and policies in the Company, and implement major strategic decisions of the CPC (Communist Party of China) Central Committee and the State Council as well as relevant important work arrangements of the Party organization at the higher level”.
The Gotion corporate document also states that the company’s Party Committee shall “Strengthen the construction of Party organization and Party members at the grass-roots level of the Company” and oversee growing the “Communist Youth League and other mass work of the Company”.