New York Stock Exchange to proceed with delisting of three Chinese telecom companies in new reversal

The New York Stock Exchange said on Wednesday it will delist three Chinese telecom companies, confirming its latest reversal on the matter a day after U.S. Treasury Secretary Steve Mnuchin told the NYSE chief he disagreed with an earlier decision to reverse the delistings. The latest move, which is effective January 11, marks the third… Read More New York Stock Exchange to proceed with delisting of three Chinese telecom companies in new reversal

U.S. President Donald Trump signs executive order banning transactions with eight Chinese apps

U.S. President Donald Trump on Tuesday signed an executive order banning transactions with eight Chinese software applications, including Ant Group’s Alipay mobile payment app, the White House said, escalating tensions with Beijing two weeks before President-elect Joe Biden takes office. The move is aimed at curbing the threat to Americans posed by Chinese software applications,… Read More U.S. President Donald Trump signs executive order banning transactions with eight Chinese apps

U.S. slams fresh sanctions on Chinese and Iranian companies

The United States on Tuesday blacklisted a Chinese company that makes elements for steel production, 12 Iranian steel and metals makers and three foreign-based sales agents of a major Iranian metals and mining holding company, seeking to deprive Iran of revenues as U.S. President Donald Trump’s term winds down. In a statement, the U.S. Treasury… Read More U.S. slams fresh sanctions on Chinese and Iranian companies

U.S. imposes additional visa restrictions on Chinese officials over human rights abuses

The United States on Monday imposed additional visa restrictions on Chinese officials over alleged human rights abuses, taking further action against China in the final month of U.S. President Donald Trump’s term. China said it would retaliate. Secretary of State Mike Pompeo said the restrictions affected officials believed to be responsible for or complicit in… Read More U.S. imposes additional visa restrictions on Chinese officials over human rights abuses

China revokes visa exemptions for U.S. diplomats visiting Hong Kong and Macau

China is revoking visa exemption treatment for United States diplomat passport holders visiting Hong Kong and Macau, Chinese foreign ministry spokeswoman Hua Chunying said at a news conference in Beijing on Thursday. China will also implement reciprocal sanctions against some U.S. officials, members of Congress, personnel at non-governmental organisations, and their family members, over their… Read More China revokes visa exemptions for U.S. diplomats visiting Hong Kong and Macau

U.S. imposes sanctions on Chinese crime boss Wan Kuok Koi, several others in anti-corruption drive

The United States on Wednesday slapped sanctions on Wan Kuok Koi, a leader of China’s 14K Triad organized crime group and a member of the Chinese Communist Party’s Chinese People’s Political Consultative Conference, the U.S. Treasury said. The sanctions also apply to three entities headed by Wan, who is also known as “Broken Tooth,” the… Read More U.S. imposes sanctions on Chinese crime boss Wan Kuok Koi, several others in anti-corruption drive

China summons U.S. diplomat in protest over recent sanctions

China summoned the acting top U.S. diplomat in Beijing to protest about U.S. sanctions on Chinese officials over Hong Kong, and vowed to take “reciprocal” retaliation. The United States on Monday imposed financial sanctions and a travel ban on 14 Chinese officials over their role in adopting a national security law for Hong Kong and… Read More China summons U.S. diplomat in protest over recent sanctions