Forwarded from 📡Guardians of Hong Kong
US State Department Reportedly Recommends Putting China’s Ant Group on Trade Blacklist
As US-China relations remain tense, sources have indicated to Reuters that the State Department had proposed placing Ant Group on the trade blacklist to the Trump administration ahead of its listing on the US stock market.
A financial technology firm, Ant Group is planning to be listed on stock markets in Shanghai and Hong Kong with an estimated market value of a record-breaking 35 billion US dollars. It is unclear at the moment as to when the US government will add the firm to its Entity List, but it is believed that this is a sign from hardliners in Washington that American investors should refrain from taking part in the firm’s initial public offering.
While the local law makes it difficult for US firms to sell high-tech products to companies on the Entity List, how this latest move actually affects China is still a matter of debate. Reuters noted that while telecom companies like Huawei may suffer from being blacklisted, placing a fintech firm on the list could be more of a gesture.
Source: Stand News #Oct15
#US #China #AntGroup #EntityList #TradeWar #Finance
https://bit.ly/34cR2Yu
As US-China relations remain tense, sources have indicated to Reuters that the State Department had proposed placing Ant Group on the trade blacklist to the Trump administration ahead of its listing on the US stock market.
A financial technology firm, Ant Group is planning to be listed on stock markets in Shanghai and Hong Kong with an estimated market value of a record-breaking 35 billion US dollars. It is unclear at the moment as to when the US government will add the firm to its Entity List, but it is believed that this is a sign from hardliners in Washington that American investors should refrain from taking part in the firm’s initial public offering.
While the local law makes it difficult for US firms to sell high-tech products to companies on the Entity List, how this latest move actually affects China is still a matter of debate. Reuters noted that while telecom companies like Huawei may suffer from being blacklisted, placing a fintech firm on the list could be more of a gesture.
Source: Stand News #Oct15
#US #China #AntGroup #EntityList #TradeWar #Finance
https://bit.ly/34cR2Yu
立場新聞 Stand News
據報美國務院建議將螞蟻集團列入貿易黑名單 為公司上市再添變數 | 立場報道 | 立場新聞
中美關係持續緊張。有知情人士向路透社表示，美國國務院已向特朗普政府遞交計劃書，考慮在中國螞蟻集團（Ant Gr...
Forwarded from 📡Guardians of Hong Kong
Australian Minister Urges People to buy local,
McDonald’s and Domino’s Use of Local Ingredients against China’s Trade War
As the Australia-China trade dispute is getting worse, an Australian minister said that the public could help local farmers by buying local ingredients and praised fast-food chains, such as McDonald’s and Domino’s Pizza, for displaying country of origin information on their websites and food packages. It allows consumers to understand how many ingredients are from Australia so that the public could support local products.
Australian Agriculture Minister David Littleproud said to the audience in a radio interview, “You have the power. We’ve given it to you.” He praised that displaying country of origin information could help customers purchase food made from local ingredients. “McDonald’s and Domino’s have joined the campaign. Once you enter the shop, they will disclose how much of their food are actually from Australia.”
Australia and China have started a trade war, in which China has imposed restrictions on Australian exports like beef, sugar, wine and barley. The trade war has hit Australian agricultural industries.
#Australia #China #TradeWar #DavidLittleproud #McDonld #Dominos #Localfood
Source: Apple Daily #Dec14
https://hk.appledaily.com/international/20201214/BRBQINJTHVDCRC65L6XTRHTC7I/
McDonald’s and Domino’s Use of Local Ingredients against China’s Trade War
As the Australia-China trade dispute is getting worse, an Australian minister said that the public could help local farmers by buying local ingredients and praised fast-food chains, such as McDonald’s and Domino’s Pizza, for displaying country of origin information on their websites and food packages. It allows consumers to understand how many ingredients are from Australia so that the public could support local products.
Australian Agriculture Minister David Littleproud said to the audience in a radio interview, “You have the power. We’ve given it to you.” He praised that displaying country of origin information could help customers purchase food made from local ingredients. “McDonald’s and Domino’s have joined the campaign. Once you enter the shop, they will disclose how much of their food are actually from Australia.”
Australia and China have started a trade war, in which China has imposed restrictions on Australian exports like beef, sugar, wine and barley. The trade war has hit Australian agricultural industries.
#Australia #China #TradeWar #DavidLittleproud #McDonld #Dominos #Localfood
Source: Apple Daily #Dec14
https://hk.appledaily.com/international/20201214/BRBQINJTHVDCRC65L6XTRHTC7I/