Straits Times Index
3,157.05-2.21(-0.07%)Nikkei
27,548.00+159.80(+0.58%)Hang Seng
27,321.98-401.86(-1.45%)FTSE 100
7,027.58+59.28(+0.85%)BTC-USD
32,280.78-79.47(-0.25%)CMC Crypto 200
780.07-13.67(-1.72%)
Hangzhou Hikvision Digital Technology Co., Ltd. (002415.SZ)
- Associated Press
S&P DJ removing Chinese companies from index after US order
S&P DJ Indices is removing 21 Chinese companies from its indexes, or groups of stocks and bonds used to track financial market movements, after Americans were barred from investing in them as part of a feud with Beijing over technology and security. The Chinese government criticized Wednesday's move as politically motivated. The companies affected include surveillance technology provider Hikvision Digital Technology Co.; China's biggest processor chip manufacturer, SMIC, and state-owned nuclear power and construction companies.
- Reuters
Factbox: Chinese firms already on, or could be added to, the U.S. trade blacklist
The U.S. State Department has submitted a proposal for the Trump administration to add China's Ant Group to a trade blacklist, before the financial technology firm is slated to go public, Reuters reported. Here are some of the other Chinese companies that could also be added, or have already been added, to the so-called Entity List, which effectively bans these firms from purchasing from U.S. companies. A U.S. Defense Department official told Reuters in September that the Trump administration was considering whether to add China's top chipmaker SMIC to the blacklist.
- Reuters
U.S. federal contract ban takes effect for companies using products from Huawei, others
New regulations took effect on Thursday barring the U.S. government from buying goods or services from any company that uses products from five Chinese companies including Huawei Technologies, Hikvision and Dahua, a U.S. official said. The rule, which was prompted by a 2019 law, could have far-ranging implications for companies that sell goods and services to the U.S. government, since they will now need to certify they do not use products from Zhejiang Dahua Technology Co Ltd <002236.SZ> or Hangzhou Hikvision Digital Technology Co Ltd <002415.SZ>, even though both are among the top sellers of surveillance equipment and cameras worldwide.
