At least 70 per cent of Chinese companies, the US State Department said today.
Washington:
At least 70 per cent of Chinese companies, with ties to the Chinese military have affiliates whose securities are included in major stock indices, the US State Department said today, adding that these companies are involved in civilian and military production with money from the US investors.
As of June 22, out of 31 firms with Chinese military ties had at least 68 distinct affiliated companies whose shares were included on major benchmarks, South China Morning Post reported citing State Department. The Chinese Communist Party s threat to American national security extends into our financial markets and impacts American investors, the State Department said in a fact report early this month.
ROSEN, A LEADING NATIONAL FIRM, Reminds Semiconductor Manufacturing International Corporation Investors of Important Deadline in Securities Class Action First Filed by the Firm – SMICY businesswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesswire.com Daily Mail and Mail on Sunday newspapers.
The Treasury Department on Monday strengthened an executive order President Donald Trump signed in November to prevent Americans from investing in Chinese military-controlled companies to include subsidiaries.
(FILES) This file photo taken on October 30, 2020 shows the logo of the Alibaba Group outside the offices of the Ant Group, the financial arm of the Chinese e-commerce giant, in Hong Kong. – Chinese regulators have launched an investigation into Alibaba Group for “suspected monopolistic practices”, the State Administration for Market Regulation said on December 24, 2020. (Photo by Anthony WALLACE / AFP)
In the last days of his presidential term in the US, Donald Trump is sparing no moment to cut China to size. He has signed a bill that could lead to the delisting of Chinese companies like Alibaba Group Holding Ltd, Baidu, Pinduoduo, PetroChina and others from US exchanges.