Event content: The United States recently added Tencent Holdings Co., Ltd. to the list of Chinese military enterprises, accusing it of allegedly supporting China's "military-civilian integration" strategy. This move attracted market attention, and Tencent's share price in U.S. stocks fell by nearly 8%. The inclusion of the list does not come with specific sanctions, but it may have a potential impact on Tencent's cooperation with U.S. companies and transactions with U.S. -related investors. Tencent responded in an after-market announcement on January 7th, denying any connection with the Chinese military, and saying that it would start a reconsideration process to correct the mistake. At the same time, the list of China's military industrial enterprises will not prohibit enterprises and investors other than the Ministry of National Defense from doing business with Tencent and...
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First Shanghai Securities: The United States added Tencent to the list of China's military industry enterprises, which has no fundamental impact on the business and maintains a Buy rating
第一上海证券2025-01-08
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