E-commerce giant Alibaba's Fintech Division Ant Group is preparing to enter the stock market. Earlier, the US State Department submitted a proposal to the Trump administration to blacklist the company. Reuters quoted reliable sources as saying.
It is unknown at this time what he will do after leaving the post. However, the plan is aimed at preventing US investors from investing in the company.
The United States has said that buying the company's shares could expose them as fraudsters or provide banking data on US citizens to the Chinese government. The State Department did not comment.
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