An employee wearing a face mask to help curb the spread of the coronavirus stands inside a Huawei flagship store in Beijing, March 31, 2021. Photo: AP
An employee wearing a face mask to help curb the spread of the coronavirus stands inside a Huawei flagship store in Beijing, March 31, 2021. Photo: AP

US-China tech war: Biden cuts two Huawei financing arms off from US investor access as fight moves to capital markets

  • Analysts say move demonstrates Washington’s determination to use financial weapons against Chinese companies it deems a national security threat
  • Huawei’s offshore bonds are held by many big financial firms, including large asset management funds

An employee wearing a face mask to help curb the spread of the coronavirus stands inside a Huawei flagship store in Beijing, March 31, 2021. Photo: AP
An employee wearing a face mask to help curb the spread of the coronavirus stands inside a Huawei flagship store in Beijing, March 31, 2021. Photo: AP
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