; and (B) the Government of the People’s Republic of China holds an interest. (3) National state-owned policy bank The term national state-owned policy bank means a bank that— (A) is incorporated in the People’s Republic of China; and (B) was established by the Government of the People’s Republic of China to advance investments in specific policy domains that advance the interests and goals of the People’s Republic of China. 9. Imposition of sanctions with respect to entities owned by or affiliated with the Government of the People's Republic of China or the Chinese Communist Party (a) In general Not later than 3 days after a covered determination is made, the Secretary of the Treasury shall impose the sanctions described in subsection (b) with respect to any entity that— (1) the Government of the People's Republic of China or the Chinese Communist Party has an ownership interest in