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U S sanctions Chinese companies linked to illicit surveillance

The Treasury Department on Thursday blacklisted eight Chinese companies, including global drone market leader DJI Technology, as part of a campaign to punish what U.S. officials say is illicit surveillance of minority Uyghurs and other Chinese ethnic and religious groups by Beijing.

U S sanctions Chinese companies linked to illicit surveillance

The Treasury Department on Thursday blacklisted eight Chinese companies, including global drone market leader DJI Technology, as part of a campaign to punish what U.S. officials say is illicit surveillance of minority Uyghurs and other Chinese ethnic and religious groups by Beijing.

MSCI chops Chinese firms from global indexes, but will keep them elsewhere

MSCI chops Chinese firms from global indexes, but will keep them elsewhere
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MSCI chops Chinese firms from some of its global indexes

REUTERS BOSTON/WASHINGTON/SINGAPORE MSCI, Inc will cut seven Chinese firms from some of its global indexes, it said on Tuesday, the third major index publisher to do so following US restrictions on owning the companies. As with similar steps by S&P, Dow Jones Indices and FTSE Russell the move means index-tracking funds will need to divest, the latest disruption to markets from an increasingly tough approach to China by the outgoing Trump administration. Companies to be deleted include SMIC, China Communications Construction Co. and Hangzhou Hikvision, though MSCI said it will launch new parallel indexes that retain the securities.

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