U.S. weighs blocking investment in China ------------------------------------------ The Trump administration is considering escalating its trade war by blocking Chinese companies – including at least 11 state-owned firms – from listing shares on U.S. stock exchanges ------------------------------------------ 156 Chinese companies listed on three main U.S. stock exchanges $1.2 trillion Total market capitalisation ------------------------------------------ New York Stock Exchange, NASDAQ, NYSE American Tariffs on U.S. imports from China ------------------------------------------ Total imports, 2018: $539.7bn Jul 2018-May 2019 $250bn taxed at 25% Sep 2019 $112bn taxed at 15% Dec 15, 2019 $160bn to be taxed at 15% Untaxed ------------------------------------------ Sep 12: President Donald Trump delays increase of tariffs on $250bn of Chinese imports from 25% to 30% from Oct 1 to Oct 15, ahead of U.S.-China trade talks on Oct 10-11 White House: Reviewing how to stop investment funds – including government pension funds – from investing in Chinese firms ------------------------------------------ Chinese state-owned companies listed on main U.S. exchanges (at least 30% state ownership, Feb, 2019) Market cap ($ billions) ------------------------------------------ PetroChina Company 123.612 ------------------------------------------ China Petroleum & Chemical Corp. 104.618 ------------------------------------------ China Life Insurance Company 76.145 ------------------------------------------ China Telecom Corp. 45.565 ------------------------------------------ China Eastern Airlines Corp. 10.032 ------------------------------------------ China Southern Airlines Company 9.924 ------------------------------------------ Huaneng Power International, Inc. 9.858 ------------------------------------------ Aluminum Corporation of China 5.884 ------------------------------------------ SINOPEC Shangai Petrochemical Company 5.451 ------------------------------------------ Semiconductor Manufacturing International Corp. 5.423 ------------------------------------------ Guangshen Railway Company 3.111 ------------------------------------------ $399.6bn Market cap of state-owned companies ------------------------------------------ Pictures: Getty Images $1 trillion = $1,000 billions Sources: Bloomberg, Economic and Security Review Commission, Reuters © GRAPHIC NEWS