Thursday, 07 Jan 2021 07:31 AM MYT
The executive order, released by the Trump administration in November, bars Americans from buying securities of 35 Chinese companies that the US Department of Defence has deemed to be owned or controlled by the Chinese military, starting in November 2021. “Ample warning has been given to the compliance officers and risk managers to understand and disclose to their constituents the material risk associated with the Executive Order,” a draft of the State Department release states.
A spokesperson for the State Department declined to confirm the fact sheet but said, “We continue to work with Treasury, DoD, and others to implement the President’s Executive Order to address the threat from securities investments that finance Communist Chinese military companies.”