Overview
The Financial Times quoted Wendy Wysong in a March 15 article titled "Xiaomi Rallies on US Trading Ban Reprieve." The article discusses how Xiaomi shares rose sharply after a US court granted the Chinese smartphone maker a reprieve from Trump-imposed restrictions on American investment. Xiaomi sued the US government in January over its inclusion, which in conjunction with a separate Trump executive order would have barred US investors from owning its shares, potentially triggering its delisting from US exchanges and deletion from global benchmark indices.
Wysong says: "There were so many Chinese companies put on all of these lists so fast, the US agencies might not have fully developed the evidence against them. Now the government is being asked to show the evidence. The ruling in Xiaomi's case will inspire other listed companies to ask the courts to review the grounds on which they have been placed on these lists."
The full article can be read at the Financial Times (subscription required).
