The US Treasury Department announced Thursday that it has placed investment restrictions on the firms due to their roles in facilitating human rights abuses against China's Uyghur Muslims in Xinjiang and other ethnic and religious minorities. As a result, American investors will be barred from buying or selling shares of the companies.
That means it would likely not be impacted by any restriction barring American investment in DJI, the person said. Turning up the heatWashington has been piling pressure on Chinese companies recently. Last Friday, artificial intelligence startup SenseTime was also hit by the same US Treasury blacklist as DJI, two years after one of its subsidiaries was put on the entity list in 2019.
You never get the point
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
It's 'game over' for U.S.-listed Chinese companies, global asset manager saysChinese companies listed on Wall Street will likely to be cut off from U.S. capital markets in the next three years, says TCW Group's David Loevinger. wow Fud Let’s call them out and see them off
Source: CNBC - 🏆 12. / 72 Read more »
U.S. to add more Chinese firms to investment, export blacklists - FTShares in Chinese healthcare and technology firms tumbled on Wednesday after a report that the United States would add more Chinese firms, including the largest commercial drone maker and biotech firms, to investment and export blacklists this week.
Source: Reuters - 🏆 2. / 97 Read more »
U.S. hits more Chinese companies over ties to alleged human rights abusesThe Biden administration hit dozens of Chinese entities with export restrictions on Thursday, accusing them of aiding in the oppression of China's Uyghur minority or helping Beijing's military, further ratcheting up tensions between the world's top two economies. America is the biggest threat to stability.
Source: Reuters - 🏆 2. / 97 Read more »
Asian stocks moving higher after U.S. central bank accelerates planned stimulus pullbackTokyo's Nikkei 225 index NIY00 rose 1.8% to 28,979.60 and the Kospi KR:180721 in South Korea picked up 0.2% to 2,996.04. The Shanghai Composite index...
Source: MarketWatch - 🏆 3. / 97 Read more »