Trump takes action again, banning US investors from investing in 31 Chinese companies including Hikvision-EEWORLD

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According to Jiwei.com, Hikvision has been further suppressed by the United States.

According to a report by Huanqiu.com, Reuters reported that the Trump administration suddenly issued an executive order on the 12th, prohibiting American investors from investing in companies owned or controlled by the Chinese military. Reuters said this was the latest move by the Trump administration to increase pressure on China after the US election.

The report said the regulation could affect 31 Chinese companies including Hikvision, China Telecom, China Mobile, and Huawei. The move is aimed at preventing US investment firms, pension funds and other institutions from buying and selling shares of these Chinese companies, which were identified by the US Department of Defense as being supported by the Chinese military earlier this year.

It is understood that the executive order will take effect on January 11 next year, which will prohibit American investors from making any transactions in the securities of the above-mentioned Chinese companies. At the same time, it also prohibits Americans from buying and selling the securities of these companies within 60 days of being identified as "Chinese military enterprises."

The executive order was taken from a page of a bill filed last month by Republican Senator Marco Rubio to block Chinese companies that have been blacklisted by Washington from accessing U.S. capital markets. In August, officials from the U.S. Securities and Exchange Commission and the U.S. Treasury Department urged Trump to delist Chinese companies that trade on U.S. exchanges and fail to meet its audit requirements from January 2022.

Reuters said the move was the latest major policy move by U.S. President Trump after his "election defeat," indicating that his administration is seeking to use the remaining months of its term to hit China. It could also further exacerbate the already worrying relationship between the world's two largest economies.

Prior to this, China has repeatedly expressed its solemn position on the US's unwarranted suppression of Chinese companies. The Chinese Ministry of Foreign Affairs previously stated that the US has repeatedly generalized the concept of national security, abused state power, and suppressed specific Chinese companies, which seriously violated the market competition principles and international trade rules that the US has always advocated.

The list of 31 companies includes:

Aviation Industry Corporation of China (AVIC)

China Aerospace Science and Technology Corporation (CASC)

China Aerospace Science and Industry Corporation (CASIC)

China Electronics Technology Group Corporation (CETC)

China South Industries Group Corporation (China North Industries Group Corporation)

China Shipbuilding Industry Corporation Limited (CSIC)

China State Shipbuilding Corporation Limited (CSSC)

China North Industries Group Corporation (China North Industries Group Corporation)

Hangzhou Hikvision Digital Technology Co., Ltd.

Huawei Technologies Co., Ltd

Inspur Group