The U.S. May Include Alibaba, Tencent in China Stock Ban
The China stock ban may include two of the biggest companies trading on U.S. exchanges.
In November, an executive order by President Trump sought to ban investments in other companies with similar connections. Now, U.S. officials may also ban Americans from investing in Alibaba (NYSE: BABA) and Tencent Holdings (OTC: TCEHY). Both the State Department and the Department of Defense have pushed for this ban, citing these companies' ties to China's military and security services.
The companies have a combined market cap of $1.3 trillion. Moreover, U.S. mutual funds and many institutional investors hold significant amounts of Alibaba and Tencent stock.
Source Fool.com
