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US Eases China Shareholding Rules – The Register

Since June 1, US shareholders have not had to divest their holdings in Huawei, SMIC and many other banned Chinese companies, but they cannot buy more shares


Huawei intellectual property
Chinese courts have repeatedly issued “anti-suit injunctions” on behalf of smartphone groups such as Huawei. File photo: Reuters.

 

The US has eased its ban on domestic investors holding stock in, or otherwise profiting from, Chinese companies tied to the country’s military, The Register reported.

Since June 1, US shareholders have not had to divest their holdings in Huawei, SMIC and many other banned Chinese companies, although they cannot buy more shares.

Read the full reportThe Register.

 

 

 

 

SEE MORE:

Canada Bans Huawei, ZTE 5G Gear on ‘National Security’ Fears

Huawei Revenues Drop 13.9% as Handset Share Declines

US Probes Chipmaker for Huawei Sanctions Violations – FT

 

 

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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