Trump administration bolsters order barring US investment in Chinese firms inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.
2020/12/29 14:54 U.S. Treasury Department U.S. Treasury Department (AP photo) TAIPEI (Taiwan News) The Trump administration strengthened an executive order on Monday (Dec. 28) banning American investors from buying securities in Chinese companies with suspected ties to the People’s Liberation Army (PLA). The Treasury Department published advice clarifying Trump’s November executive order, saying that the ban also applies to investors in exchange-traded funds and index funds in addition to subsidiaries of Chinese firms designated by the Pentagon as owned or controlled by the PLA, Reuters reported. The Treasury posted the guidance in a “frequently asked questions” post on its website.
<div class="at-above-post addthis tool" data-url="https://www.metro.us/trump-administration-bolsters-order/"></div>WASHINGTON (Reuters) -The Trump administration on Monday strengthened an executive order barring U.S. investors from buying securities of alleged Chinese military-controlled companies, following disagreement among U.S. agencies about how tough to make the directive. The Treasury Department published guidance clarifying that the executive order, released in November, would apply to investors in exchange-traded funds and […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" dat
Dec.29.2020
BIS remains busy during the closing days of the year. On December 18 and 21 the Department of Commerce issued several press releases announcing the addition of 77 entities to the Entity List, and for the first time, a Military End User List. The December 18 press releases (here and here) announced the addition of 77 entities to the Entity List, including several high-profile Chinese companies. And while the new additions were not published in the Federal Register until December 22, the additions became effective on the date of the press release, December 18. Continuing a “rulemaking by press release,” exporters who rely on the Federal Register may have missed the additions. The December 21 press release (here) publicized the creation of a new list, the Military End User List (“MEU List”), related to the MEU rule BIS issued earlier this year (see our prior alert here). The MEU List was published in the Federal Register and went into effect on Decembe