BEIJING, January 14 (TMTPOST)— The US government added nine Chinese companies including major mobile maker Xiaomi and planemaker Comac to a blacklist aims to curb investment in entities that have alleged links to Chinese military, Reuters cited a document on Thursday.
Such investment bank is due to an executive order President Donald Trump signed last November. US investors shall not be allowed to buy any securities of companies on the defense blacklist starting from November 11 2021, according to the order. China’s largest chip maker SMIC and one of the country’s top three oil companies CNOOC were added to the blacklist last month.
Earlier this week, the Wall Street Journal’s source said the Trump administration won’t add Alibaba, Tencent and Baidu to its blacklist, but nine other Chinese companies that were examined along with these three China’s internet giants will be added.