The Business Times
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Chinese bargain-hunters pile into stocks blacklisted by Trump

Outgoing US president is considering expanding list of 35 firms to include Alibaba and Tencent

Published Fri, Jan 8, 2021 · 09:50 PM

    Shanghai

    AS United States investors dump shares in Chinese companies blacklisted by outgoing US President Donald Trump, bargain-hunters in China are taking the opposite side of that trade, wagering that a Joe Biden presidency will reverse the investment ban.

    Mr Trump signed an executive order on Nov 12 that bars US securities investment in Chinese companies allegedly owned or controlled by the Chinese military.

    ChinaHong KongUnited States

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