Alibaba (NYSE: BABA), Tencent (HKG:0700) Latest China Stocks to Get US Investor Ban
Reports from the
Wall Street Journal say that Washington is considering a ban on US nationals investing in Alibaba (NYSE:BABA) and Tencent Alibaba (HKG:0700) just as the New York Stock Exchange de-lists three of the largest Chinese telecom companies under the auspices of assisting China’s military in research.
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Alibaba fell 4% and Tencent dropped 5% in Hong Kong trading on Thursday morning, tracking losses in their New York-listed deposit registries.
NYSE: BABA and DCEP
For Alibaba and Tencent this comes at a critical time, as China’s central bank, the People’s Bank of China, is in the final stages of readying its Central Bank Digital Currency called DCEP. DCEP, like most proposed CBDCs, is a digitally-issued version of the RMB, China s currency.. In contrast, funds spent via a debit or credit card, or on a mobile payment platform like Alipay or WeChat Pay, represent a
Alibaba,Tencent shares fall after reports of US investment ban
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An infrastructure fund run by one of Scandinavia’s most powerful private equity firms has joined the race for the £2.5bn US operations of FirstGroup, the London-listed transport operator.
Sky News has learnt that EQT Infrastructure tabled an offer thought to have been worth roughly $3.7bn for First Student and First Transit just days before Christmas.
The fund is understood to be one of a small number of bidders which remain in an auction that was signalled by FirstGroup under pressure from activist investors more than a year ago. Image: The UK company s South Western Railway franchise was terminated last year in agreement with the government Pic: First Group