昨天，美国众议院情报委员会（the U.S. House Intelligence Committee）发布报告，指责中国科技公司华为（Huawei）威胁美国国家安全。其实，这纯粹是“欲加之罪”，原因只是因为华为与中国政府有关系，而中国政府又被认为涉嫌卷入了黑客活动。

    这种担忧听起来是不是很耳熟？没错。因为早在2007年，美国国会便因为同样的担忧，破坏了贝恩资本（Bain Capital）和华为以约22亿美元将美国科技公司3Com私有化的计划（华为将持有3Com公司16.5%的股份，包括一个为美国政府提供网络安全软件的部门）。后来，3Com公司被惠普（Hewlett-Packard）以27亿美元收购。

    但最近，有传闻称华为正在考虑进行首次公开募股。实际上，过去几年已经断断续续传出过许多类似的传闻。不过本月早些时候的报道显示，在很大程度上，发售新股的目的是为了让华为公司看起来更加透明（包括所有权方面）。

    那么，众议院的报告对华为的IPO计划会产生怎样的影响？昨天，我与两位科技银行家就此进行了交流，并了解了他们的看法。他们都表达了同样的观点：鉴于美国政府对华为的立场，再加上华为无法收购美国公司，因此，众议院的报告彻底抹杀了华为在美国上市的可能性。他们都认为，英国政府对华为的态度更加宽容（至少目前是如此），因此这家公司也可能选择在伦敦上市。但说到底，华为在中国上市的可能性更大。

    译者：刘进龙/汪皓

    Yesterday the U.S. House Intelligence Committee issued a report accusing Chinese tech company Huawei of posing a national security threat to the U.S. It was largely a guilt-by-association sort of thing, based on questions about Huawei ties to the Chinese government and, in turn, the Chinese government's alleged involvement in hacking activities.

    If such concerns sound familiar, it may be because similar Congressional worries scuttled a 2007 deal whereby Bain Capital and Huawei would have taken 3Com private for approximately $2.2 billion (Huawei would have held a 16.5% stake in 3Com, including in a unit that provided network security software to the U.S. government). 3Com was later acquired by Hewlett-Packard (HPQ) for $2.7 billion.

    More recently, however, there have been reports that Huawei is considering an IPO. Actually, these reports have come out intermittently over the past several years – but one earlier this month suggested that the offering would be used, in part, to make the company appear more transparent (including in terms of ownership).

    So yesterday I spoke with a couple of tech bankers, to get their take on how the House report could affect the IPO plans. They both told me the same thing: The report ended any likelihood of Huawei listing on a U.S. exchange, given the U.S. government's position on the company and its inability to acquire American businesses. They both felt that a Chinese listing was more likely, although London remained a possibility given the UK government's more charitable view toward the company (at least for now).