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
#Censorship #CCP
#Quran App Removed in China
//#Apple has taken down one of the world's most popular Quran apps in China, following a request from officials.
Quran Majeed is available across the world on the App Store - and has nearly 150,000 reviews. It is used by millions of Muslims.
The Chinese Communist Party officially recognises Islam as a religion in the country.
However, China has been accused of human rights violations, and even genocide, against the mostly Muslim Uyghur ethnic group in Xinjiang.
Earlier this year the BBC reported that Uyghur imams had been targeted in China's Xinjiang crackdown.
Apple declined to comment, but directed the BBC to its Human Rights Policy, which states: "We're required to comply with local laws, and at times there are complex issues about which we may disagree with governments."
However, it is not clear what rules the app has broken in China.//
Source: BBC #Oct15
#Quran App Removed in China
//#Apple has taken down one of the world's most popular Quran apps in China, following a request from officials.
Quran Majeed is available across the world on the App Store - and has nearly 150,000 reviews. It is used by millions of Muslims.
The Chinese Communist Party officially recognises Islam as a religion in the country.
However, China has been accused of human rights violations, and even genocide, against the mostly Muslim Uyghur ethnic group in Xinjiang.
Earlier this year the BBC reported that Uyghur imams had been targeted in China's Xinjiang crackdown.
Apple declined to comment, but directed the BBC to its Human Rights Policy, which states: "We're required to comply with local laws, and at times there are complex issues about which we may disagree with governments."
However, it is not clear what rules the app has broken in China.//
Source: BBC #Oct15