Republic of China, the Chinese Communist Party, or the People’s Liberation Army. 6. Holding Company securities (a) Equity securities (1) In general The Holding Company shall issue such equity securities as the Board of Directors of the Holding Company determines appropriate. (2) Dividends The Holding Company may make such dividend payments on the equity securities of the Holding Company as the Holding Company determines appropriate. (3) Restriction on voting rights Any holder of an equity security of the Holding Company that is a non-United States individual or entity shall have no voting rights with respect to such equity security. (b) Bonds (1) Standard bonds The Holding Company may issue standard bonds with maturities up to 30 years or longer, as needed. (2) Other bonds The Holding Company may issue other bonds, notes, and marketable securities with maturities and interest rates as the Holding Company determines appropriate. (3) Authority to purchase bonds (A) In general The Secretary of the Treasury and the Board of Governors of the Federal Reserve System may purchase bonds issued under this section. (B) Limitation The aggregate amount of outstanding bonds purchased by the Secretary under this paragraph may not exceed 5 percent of the total amount of the outstanding bonds of the Holding Company. (c) Leverage limitation The Holding Company shall maintain risk-based capital at no less than 10 percent, collectively for the Bank and the Holding Company. (d) Investment limitation on non-United States individuals and entities (1) Non-United States individuals and entities may not hold more than 25 percent, in the aggregate, of the equity securities and bonds of the Holding Company. (2) The Formation Agent and Holding Company are prohibited from issuing any bond, note, marketable security, or other financial instrument to any person or entity— (A) affiliated with, owned by, or directed, controlled, financed, or influenced by the Government of the People’s Republic of China, the Chinese Communist Party, or the