The U.S. blacklisted 8 Chinese companies to add investment

(Reuters) – The United States will add eight Chinese companies this week, including DJI Technology Co Ltd, the world’s largest manufacturer of commercial drones, to a blacklist of investments, the Financial Times reported on Wednesday.

The U.S. Treasury will blacklist “China’s military-industrial complex companies” on Thursday for involvement in the care of the Uighur Muslim minority, the FT report said, citing two people who reported the move.

U.S. investors are banned from participating in listed companies, which currently lists about 60 companies.

A DJI spokesman declined to comment on the FT report, but when it was added to the U.S. Department of Commerce’s “List of Entities” a year ago, he addressed the company’s statement to Reuters for the same reasons. This list prohibited the company from purchasing or using U.S. technology or components.

At the time, DJI said it had done nothing to justify the move and would continue to sell its products in the United States, where it has built a large market.

The U.S. Treasury did not immediately respond to Reuters’ request for comment.

The new additions to the SenseTime Group, an artificial intelligence start-up company, would be added to the Treasury list a few days later, leading to a $ 767 million delay in the Hong Kong initial public offering (IPO). SenseTime said the charges against him were baseless.

More than one million people, mostly Uyghurs and members of other Muslim minorities, have been arrested by UN experts and rights groups in recent years in a large camp system in China’s remote Xinjiang region.

Some foreign parliamentarians and parliaments have called the Uyghur treatment of genocide, citing evidence of forced sterilizations and deaths in camps. China denies these claims and says the growth rate of the Uyghur population is above the state average.

FT has named Megvii Image Recognition Software, Dawning Information Industry supercomputer maker, CloudWalk Technology facial recognition specialist, Xiamen Meiya Pico cybersecurity team, Yitu Technology artificial intelligence company and Leon Technology and cloud computing companies. NetPosa Technologies.