WASHINGTON (Reuters) – The Trump administration has determined that top Chinese firms, including telecoms equipment giant Huawei Technologies [HWT.UL] and video surveillance company Hikvision <002415.SZ>, are owned or controlled by the Chinese military, laying the groundwork for new U.S. financial sanctions, according to a document seen by Reuters on Wednesday.
The list of 20 companies that Washington alleges are backed by the People’s Liberation Army also includes China Mobile Communications Group <0941.HK> and China Telecommunications Corp [CTTTC.UL] as well as aircraft manufacturer Aviation Industry Corp of China. A U.S. defense official speaking on condition of anonymity confirmed the authenticity of the document and said it had been sent to Congress.
(Reporting by Alex Alper and Idrees Ali; writing by David Shepardson; editing by Jonathan Oatis)
