By Jin Lei, Bian CE and Yang Jing
It's sudden, it's unexpected.
Just now, Xiaomi was blackmailed by the trump administration of the United States. At this time, it is only a week before trump leaves office.
The ban will force us companies and other investors to sell their shares in Xiaomi on November 11, 2021. However, this does not restrict the supply of Xiaomi's American suppliers.
As mentioned just now, there are only a few days left before trump leaves office. According to the normal handover agenda, the trump government will leave office on January 20.
At the same time, I think it's incredible:
It's interesting to see an electronic company like Xiaomi appear on the list.
Most of the enterprises on this list are industry-oriented, such as aerospace, shipbuilding, chemical industry, telecommunications, construction and other forms of infrastructure construction.
Huawei is also on the list. The verge believes that this is because Huawei also produces large telecom equipment.
But the blacklist is different, because it's from the U.S. Department of defense.
It is worth noting that Xiaomi is not the only Chinese company considered by the trump administration to prohibit us enterprises from investing.
This time, there are nine, except Xiaomi and COMAC.
The other seven are: Beijing Zhongguancun Development Investment Center, Guangdong Gaoyun Semiconductor Technology Co., Ltd., grand China Airlines, Zhongyi Yutong Technology Co., Ltd., China Aviation Group, etc.
So far, the number of Chinese companies on the US Department of Defense's list has expanded to 44.
In the end, I don't know what kind of standard assessment, and decided not to prohibit the United States from investing in Alibaba group and Tencent Holdings Limited.
In response, Chinese Foreign Ministry spokesman Zhao Lijian said at a regular press conference yesterday:
China's position on relevant issues is consistent and clear. The Chinese government has always encouraged Chinese enterprises to carry out foreign economic cooperation in accordance with market principles and international rules. What we oppose is politicizing economic and trade issues, abusing state power, generalizing the concept of national security, and suppressing foreign enterprises for no reason.
The US side should earnestly respect the principles of market economy and fair competition, abide by international economic and trade rules, and provide an open, fair, just and non discriminatory business environment for enterprises from all countries, including Chinese enterprises, to invest and operate in the US.
Keith krach, US Vice Minister of energy and environment, told reporters that in addition to the 44 companies, the trump administration is unlikely to blacklist more Chinese companies.
Of course, it is not ruled out that the Biden administration may overturn this order before then.
Xiaomi's share price once fell by 9%, which translates into a market value of nearly 100 billion yuan.
The stock price of Qualcomm, which is closely related to Xiaomi, has yet to fluctuate significantly.
More impact has yet to be shown.
But if Biden overturns the ban after taking office, the impact on Xiaomi may not be obvious.
It doesn't even have to wait five days, because the US Congress is launching a second impeachment against trump, and the time for Trump's government to exert influence may be further shortened.