Trump administration weighs barring U.S. investments in Alibaba, Tencent: Report скачать в хорошем качестве

Trump administration weighs barring U.S. investments in Alibaba, Tencent: Report

The shares of Alibaba and Tencent saw heavy falls on Thursday after a report, citing several people familiar with the matter, suggested the Trump administration could be about to add the Chinese tech giants to a U.S. blacklist. CNBC's Eunice Yoon reports. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi Shares of Alibaba and Tencent fell Thursday after The Wall Street Journal reported that the Trump administration may add the Chinese tech giants to a U.S. blacklist. The conglomerates’ shares slid around 4% on the Hong Kong stock exchange after the Journal said officials were considering prohibiting Americans from investing in the firms. The report cited several people familiar with the matter. The U.S. government blacklisted 31 Chinese companies in November over concerns that they support Beijing’s military through an executive order. U.S. officials have been discussing expanding the executive order to expand the blacklist, the Journal’s sources said. When the Hong Kong stock exchange closed, Tencent’s share price was down 4.69% to 568.5 Hong Kong dollars, while Alibaba’s share price was down 3.91% to 221 Hong Kong dollars. In premarket trading, U.S.-listed shares of Tencent were down 2.8% and Alibaba’s were slightly in the red. If they do get added to the U.S. blacklist, then American investors won’t be able to trade their stocks from Jan. 11. Those that already own shares in the companies would have until November to offload them. Trump signed the initial executive order shortly after losing the 2020 presidential election to Joe Biden and it is already having consequences. The New York Stock Exchange confirmed on Wednesday that it plans to delist China Mobile, China Telecom and China Unicom. On Tuesday, the Trump administration moved to ban Chinese payments apps including Alipay and WeChat Pay, which are linked to Alibaba and Tencent respectively. In December, the U.S. added Chinese drone company DJI and Semiconductor Manufacturing International to a trade blacklist. The U.S. Commerce Department said the action against SMIC “stems from China’s military-civil fusion (MCF) doctrine and evidence of activities between SMIC and entities of concern in the Chinese military industrial complex.” Alibaba’s battles extend beyond the U.S. and to its home turf, where Chinese regulators have recently launched an antitrust investigation against the company. Jack Ma, Alibaba’s founder and CEO, is keeping a low profile and hasn’t been seen in public since last October after he appeared to criticize the country’s regulators. Alibaba and Tencent did not immediately respond to CNBC’s request for comment. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-n... Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC https://www.cnbc.com/select/best-cred... #CNBC #CNBCTV