US Senate Vote Vote "Lifting ZTE Ban" ZTE H Shares in 19%

On June 19th, according to Reuters, the US Senate has adopted a $ 716 billion National Defense Policy Act on Monday to support US President Donald Trump's appeal to expand and enhance military strength. However, on the issue of China Telecom Corporation ZTE (ZTE), the bill and the White House have a policy sings in the White House. The Senate, the Republican Controlled Senate, with 85 votes, and 10 votes have passed the National Defense Authorization Act (NDAA), which authorizes US military expenditures, but it is usually used as a wide-ranging policy problem. The 2019 Senate Version NDAA will authorize $ 639 billion to allocate infrastructure, ships, ships, and airlines, as well as payment of military costs, and $ 69 billion for funding conflicts. This year, the Senate adopted a amendment that the Trump government allowed ZTE to recover business with US suppliers. This is one of the decisions of the Senate, the Senate, the Republican, a few decisions of the White House Policy. This Terms are not included in the NDAA's House of Representatives. Although Trump's republican colleagues and some democrats strongly support this move, the White House and its intimate Republican allies have opposed this, and these allies control the House of Representatives and Senate. If the Trump lobbying Republican Leadership Congress against this bill (as he expected), it will be very difficult to be incorporated into the final version of NDAA. The US Republican and Democratic Particons expressed concern about the national security threats brought by ZTE. Previously, ZTE was applied to the US sanctions agreement, but the Trump government reached an agreement to disable the ban when consulting with China's wider trading agreement. However, the final version of NDAA may include only a strict terms in the House of Representatives, which will prohibit the US Department of Defense from any entity that uses ZTE (ZTE), Huawei Telecom equipment or services. The Senate version of NDAA also seeks an assessment of the US Foreign Investment Committee (CFIUS) to ensure that the agreement will not endanger national security. In this influence, ZTE H shares share the price of 19%, reported to HK $ 10.60, and ZTE A shares have fallen and reported 20.54 yuan. Read more

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