Donald Trump administration bolsters order barring US investment in Chinese firms
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Trump administration boosts order barring US from investing in Chinese firms
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The administration of US President Donald Trump on Monday strengthened an executive order barring US investors from buying securities of alleged Chinese military-controlled companies, following disagreement among United States agencies about how strictly to adhere to the directive.
The Department of the Treasury published guidance clarifying that the executive order, released in November, would apply to investors in exchange-traded funds and index funds as well as subsidiaries of Chinese companies designated as owned or controlled by the Chinese military.
The “frequently asked questions” or FAQrelease, posted on the Treasury website on Monday, came after the Reuters news agency and other news outlets reported that a debate was raging within the Trump administration over the guidance. The State Department and the Department of Defense had pushed back against a bid by Treasury Department to water down the executive order, a source told Reuters.
US widens investor ban on Chinese military-linked companies to subsidiaries and exchange-traded funds
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