January 11, 2021 2:37 PM
Outgoing US President Donald Trump issued an order in November banning Americans from investing in Chinese firms deemed to be supplying or supporting the Asian giant’s military.said it was complying with that order. On Monday Goldman Sachs, Morgan Stanley and JPMorgan Chase also said they would delist some 500 structured products in Hong Kong to comply with the same executive order.
Trump also signed an executive order banning transactions involving Alipay, WeChat Pay and other apps linked to Chinese companies, drawing strong criticism from Beijing.