US-China tech war: Biden cuts two Huawei financing arms off from US investor access as fight moves to capital markets

//US-China tech war: Biden cuts two Huawei financing arms off from US investor access as fight moves to capital markets

US-China tech war: Biden cuts two Huawei financing arms off from US investor access as fight moves to capital markets

Two financing arms of Huawei Technologies Co, which have raised funds for the Chinese telecoms giant by selling dollar bonds to international investors, are among 59 Chinese companies on an investment ban list signed by US President Joe Biden, showing Washington’s continued determination to pressure the Shenzhen-based company.In an executive order published by the White House on Thursday, Biden expanded a list that prohibits Americans from investing in Chinese companies that the administration…

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By | 2021-06-04T14:00:11+00:00 June 4th, 2021|Technology|Comments Off on US-China tech war: Biden cuts two Huawei financing arms off from US investor access as fight moves to capital markets