Bulletin
Investor Alert

New York Markets Open in:

Nov. 29, 2020, 9:17 p.m. EST

Trump administration to add China’s SMIC, CNOOC to export blacklist: report

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    CNOOC Ltd. (883)
  • X
    Semiconductor Manufacturing International Corp. (981)
  • X
    CNOOC Ltd. ADR (CEO)

or Cancel Already have a watchlist? Log In

By Mike Murphy

The Trump administration is set to add China’s largest chip maker, SMIC, and oil giant CNOOC to its export blacklist, claiming they’re owned or controlled by the Chinese military, Reuters reported Sunday .

It was unclear exactly when the new designations would take effect. China Construction Technology Co. Ltd. and China International Engineering Consulting Corp. will also reportedly be added to the list. The designation would make it far more difficult for U.S. companies to export technology to the four Chinese companies. Huawei Technologies Co. was added to the list in May.

Semiconductor Manufacturing International Corp. is China’s most advanced semiconductor manufacturer, and China National Offshore Oil Corp. is one of China’s largest energy companies.

CNOOC shares /zigman2/quotes/203421416/delayed HK:883 +2.28% plunged more than 7% in Monday trading in Hong Kong, while SMIC /zigman2/quotes/207270096/delayed HK:981 +1.56% fell about 1%. SMIC pulled its U.S. stock listing last year, while CNOOC’s American depository receipts /zigman2/quotes/204964401/composite CEO -3.21% are down 27% year to date.

/zigman2/quotes/203421416/delayed
HK : Hong Kong
HK$ 9.86
+0.22 +2.28%
Volume: 226.96M
Feb. 25, 2021 4:08p
P/E Ratio
9.63
Dividend Yield
6.59%
Market Cap
HK$464.33 billion
Rev. per Employee
HK$14.08M
loading...
/zigman2/quotes/207270096/delayed
HK : Hong Kong
HK$ 26.00
+0.40 +1.56%
Volume: 63.95M
Feb. 25, 2021 4:08p
P/E Ratio
37.06
Dividend Yield
N/A
Market Cap
HK$291.40 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/204964401/composite
US : U.S.: NYSE
$ 127.38
-4.22 -3.21%
Volume: 19,248
Feb. 24, 2021 4:10p
P/E Ratio
9.71
Dividend Yield
5.88%
Market Cap
$59.89 billion
Rev. per Employee
$1.78M
loading...

This Story has 0 Comments
Be the first to comment
More News In
Economy & Politics

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.