According to state radio, citing the ministry of spokesman

  • Will disclose details of the list in the near future
  • Says to draft list of 'unreliable entities' targeting foreign parties that are causing harm to Chinese firms' interests

This is basically in direct response to the US putting Huawei and other Chinese firms on an 'entity list' or in other words, a trade blacklist. Yep, that certainly won't do risk assets any good and will only serve to cast more dark clouds over markets today.