[ad_1]
▲ Trump signed an executive order banning Americans from investing in companies owned or controlled by the Chinese military.
US President Trump signed an executive order banning Americans or companies from investing in companies owned or controlled by the Chinese military, including China Mobile (00941), China Telecom (00728) and Hikvision (Depth: 002415) for a total of 31 China-funded companies refer to related companies that supply products to the Chinese military or provide support in other ways. China Mobile’s share price fell 6.1% in the half day, closing at 49.45 yuan at noon, with revenues of 1.81 billion yuan; China Telecom fell 9.3%, closing at noon at 2.45 yuan, with sales of 390 million yuan.
Another mainland telecom operator Unicom (00762), which was already on the US sanctions list in the previous round, fell 8% in half a day on Friday to 4.9 yuan to 420 million yuan.
List of 31 companies (20 companies announced in June), (11 companies announced in August)
It is reported that as of January 11 next year, American corporations and individuals are prohibited from holding shares in related companies directly or through investment funds.
Trump said in an executive order that China is increasingly using US funds to provide resources for the development and modernization of military and intelligence agencies, making China a direct threat to the US military and overseas.
US government officials said these companies enable the Chinese military to acquire advanced technology and skills, help the military expand and take a more active position on a global scale.
Major investors of China Mobile and China Telecom institutions linked to the United States
It is still unclear how the US will implement the ban: if US-funded financial institutions were to get rid of China Telecom and China Telecom stock prices, this could lead to tens of billions of sales orders.
According to Bloomberg statistics, excluding China Mobile Communications Group, the parent company of China Mobile, China Mobile’s five largest holding institutions include BlackRock, Linghang, Dimensional Fund Advisors, State Street Bank and Fidelity. US-funded financial institutions, the five largest shareholders alone hold a total of 644 million shares of China Mobile. Based on China Mobile’s half-day closing price of RMB 49.45 on Friday, the holding value reached 31.8 billion yuan.
In terms of China Telecom’s H shares, four of the five largest holding institutions have a US-funded background, including Citigroup, BlackRock, BNY Mellon and Franklin, with a combined position of 4.408 billion shares, due to close on Friday. The market price is 2.45 yuan and the value is over 10.8 billion yuan, but it is worth noting that Citigroup and the Bank of New York Mellon are custodian banks, not necessarily all American investors.
Related articles:
[Sanzioni USA]The US re-enters 11 Chinese companies on the military watch list. China Communications Construction, China Unicom, and China State Construction are on the list [Prestazioni di Tencent]Tencent’s performance increased nearly 2%, last quarter profit increased 32% and exceeded expectations, and mobile games grew substantially by over 60% (Second Edition) [Legge sulla sicurezza nazionale di Hong Kong]The United States sanctions several Chinese and Hong Kong officials. Securities Regulatory Fee: Intermediaries should carefully evaluate legal and business risks [Sanzioni SMIC]SMIC confirmed that it has stockpiled more equipment parts than it needs this yearDownload and use the “Hong Kong Economic Times” app for free and become a member, instantly receive the most accurate financial and current news and a variety of welcome gifts to choose from! Details
A short speculation promotion video will be broadcast on the “Hong Kong Economic Times” app before the market opens every trading day, watch it now!
Responsible director: Liang Haosuo, Mai Deming
[ad_2]
Source link
