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Draft guidance on China investment ban spurs tensions in Trump administration, say sources | Malay Mail

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WASHINGTON, Dec 18 — A debate is raging within the Trump administration over guidance the Treasury Department is seeking to publish to clarify a recent directive banning US investors from buying shares of some top Chinese companies, people familiar with the matter said. The State Department and...

Friday, 18 Dec 2020 07:56 AM MYTWASHINGTON, Dec 18 — A debate is raging within the Trump administration over guidance the Treasury Department is seeking to publish to clarify a recent directive banning US investors from buying shares of some top Chinese companies, people familiar with the matter said.

Starting in November 2021, the directive bars US investors from buying securities of Chinese companies that the Pentagon has designated as owned or controlled by the Chinese military. Index providers have already begun shedding some of the designated companies from their indexes. However, questions remain over whether subsidiaries of the blacklisted companies will also be subject to the restrictions.

 

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