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Weimin Chen

Weimin Chen

Biden Signs Executive Order Restricting U.S. Investments in Key Chinese Tech

Biden Signs Executive Order Restricting U.S. Investments in Key Chinese Tech

The Lede: On Wednesday, President Biden signed an executive order that curbs the flow of U.S. investment into a range of Chinese firms that the administration attributes to national security risks in the ongoing technological competition with Beijing. What We Know: * The executive order focuses on restricting investments in

China Reaffirms Role in Ukraine Peace Process at Saudi Arabia Summit

China Reaffirms Role in Ukraine Peace Process at Saudi Arabia Summit

The Lede: A high-level peace summit hosted by Saudi Arabia wrapped up over the weekend with little progress made in ending the Russia-Ukraine War, but China’s attendance reaffirmed its diplomatic role in negotiating an end to the conflict and included a short meeting with U.S. officials. What We

TSMC Plans to Build Semiconductor Plant in Germany

TSMC Plans to Build Semiconductor Plant in Germany

The Lede: On Tuesday, Taiwanese chip-maker TSMC announced a plan to build a factory in Dresden located in Germany’s east as European countries move to secure technology supply chains with the help of state subsidies. What We Know: * The plant will be TSMC’s first in Europe and the

Chinese and Saudi Exchanges Gear Up for ETF Cross-listings

Chinese and Saudi Exchanges Gear Up for ETF Cross-listings

The Lede: Citing sources familiar with the matter, Reuters reported on Friday that stock exchanges in China and Saudi Arabia are in talks to allow cross-border listings of exchange-traded funds (ETFs) as the two countries continue to deepen financial ties and strengthen diplomatic relations. What We Know: * The Shenzhen Stock

BlackRock and MSCI Under Scrutiny for Investments in Blacklisted Chinese Companies

BlackRock and MSCI Under Scrutiny for Investments in Blacklisted Chinese Companies

The Lede: On Tuesday the U.S. Select Committee announced that it sent separate letters to MSCI and BlackRock inquiring about the two firms’ facilitation of U.S. investments into a number of Chinese companies blacklisted for security and human rights concerns. What We Know: * The U.S. Select Committee

China's Foreign Minister Formally Invited to Washington

China's Foreign Minister Formally Invited to Washington

The Lede: On Tuesday, the U.S. State Department formally invited the re-appointed Chinese foreign minister Wang Yi to visit Washington, an offer previously extended to the recently removed Qin Gang whose mysterious absence and replacement has raised questions about transparency. What We Know: * The invitation was extended at a

China Restricts Drone Exports Due to Concerns of Military Use

China Restricts Drone Exports Due to Concerns of Military Use

The Lede: On Monday, China announced export controls on drones and drone equipment that have military applications as it becomes more widely used in the Russia-Ukraine War and other conflict zones. What We Know: * Under a new Chinese directive, exporters in China will have to apply for permission from the