Today’s Focu
Tencent Holdings K: Being included in the list of militaryindustrial enterprises was a mistake and plans to initiate a review process
Tencent Holdings K issued a statement that the company has noticed that the U. Department of Defense plans to issue a "Notice on the Designation of Chinese Military Industrial Enterprises" on January , U. time. According to the notice, the US Deputy Secretary of Defense has included the company in the list of Chinese militaryindustrial enterprises hereinafter referred to as the "List of Chinese MilitaryIndustrial Enterprises". The full notice is available at s:publicinspectionederalregisterovdf.
Since the company is neither a Chinese militaryindustrial enterprise jamaica phone number list nor a militarycivilian integration enterprise of China's defense industry, the company believes that it is a mistake to include it in the list of . Unlike other lists maintained by the U. government to implement sanctions or export control measures, inclusion in the Chinese military industrial enterprise list is only related to U. defense procurement matters and will not affect the group's business.
The Chinese militaryindustrial enterprise list is also different from the NonSDNChinese Military Complex Enterprise List NSCMIC List maintained by the U. Office of Foreign Assets Control. Inclusion in the Chinese militaryindustrial enterprise list does not prohibit anyone except the Department of Defense from doing business with the company, including trading in the company's securities.