Delisting the three major operators are not over, and action! The United States plans to add Ali Tencent to the investment ban
According to earlier news, the New York Stock Exchange said that in response to the United States executive order, three Chinese companies will be de-branded. The executive order imposed restrictions on companies involved in the Chinese military. After further consultation with relevant regulators, the NYSE no longer plans to delist three Chinese telecom operators.
After that, the plot reversed again! Opposed by U.S. Commerce Secretary Mnuchin, the pressured NYSE then said it would reconsider suspending the delisting.
This matter is not over, the United States began to consider Ali and Tencent to do! U.S. officials are considering adding Alibaba and Tencent to the investment ban, Bloomberg News and the Wall Street Journal reported Jan.6.
Bloomberg reported that according to people familiar with the matter, senior U.S. officials are discussing whether to ban investment in Alibaba and Tencent, the U.S. State Department, the Department of Defense and the Treasury are all involved in the discussion.
The report said that because the content is confidential information, people familiar with the situation do not want to be named. The Wall Street Journal reported that the plan was still under discussion and may not be adopted, and that the U.S. authorities have focused on the impact on capital markets.
It is reported that the “investment ban” originated from a Trump administration decree. In November 2020, Trump signed an executive order banning U.S. investors from buying securities from “blacklisted” Chinese companies. The so-called “blacklist” refers to the “owned and controlled by the Chinese military” designated by the United States Department of Defense.
According to the executive order, if the investment ban is passed, it means that U.S. investment companies, pension funds and other companies will not be able to invest in Alibaba and Tencent.
As the most valuable company in China, Alibaba and Tencent shares are widely held by U.S. investors, Bloomberg said. In the final months of US President Donald Trump’s term, U.S. authorities have been stepping up efforts to pull away U.S. capital from Chinese companies,