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Treasury delays ban on trading in firms linked to China s military

Treasury delays ban on trading in firms linked to China s military Tal Axelrod © Getty Images Treasury delays ban on trading in firms linked to China s military The Biden administration Tuesday said it is delaying for two weeks a ban on buying or selling securities in companies that have ties to the Chinese military. The Treasury Department said in a notice that investors will have until June 11 to complete their transactions, pushing back a May 27 deadline. The decision comes as the White House mulls various aspects of its China policies, including which of the Trump administration s it wants to hold over. Among other things the previous White House put forth was a ban on investing in companies that the Treasury Department deemed to have affiliations with China s armed forces.

The ESG Bubble Has Finally Burst

Back in January, we warned that the green energy sector was in danger of overheating after massive runups by clean energy stocks in 2020. The momentum remained strong early in the year after Joe Biden ascended into the Oval Office in hopes that his ambitious clean energy plan would be a tailwind for investors in the so-called sustainable or ESG funds. It was not long, however, before cracks began to appear in the clean energy bull camp. After emerging as the hottest corner in the clean energy universe in 2020, solar stocks began to let off steam in January, with leading solar names such as

China approves ETFs tracking HK-listed tech giants -state media

By Reuters Staff 2 Min Read SHANGHAI, May 7 (Reuters) - China has approved domestic fund managers’ first exchange-traded funds (ETFs) based on Hong Kong’s Hang Seng TECH Index, state media said on Friday, giving Chinese investors increased access to such big-name stocks as Alibaba and Tencent. Regulatory approval to launch such ETFs was obtained by six Chinese mutual fund managers, including China Asset Management, Dacheng Fund Management and E Fund Management, the Shanghai Securities News reported citing the six fund houses. The Hang Seng TECH Index tracks the 30 biggest technology companies listed in Hong Kong. Constituents include Alibaba Group Holding Ltd, Tencent Holdings Ltd, Meituan, NetEase Inc, JD.com Inc and Semiconductor Manufacturing International Corp.

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