Regulatory Outlook | 11.16.20
U.S. Bars Investments in Chinese Military Companies
U.S. President Donald Trump has issued an order banning U.S. investments in Chinese firms the government determines have ties to the Chinese military, effective January. In the order, Trump accused China of "increasingly exploiting" U.S. investors "to finance the development and modernization of its military." The order applies to shares owned directly or indirectly in 31 firms, a list that includes tech firms and large state-owned construction companies among others. U.S. investors have a year to comply with the rules. In a report earlier this year, researchers at the SEC estimated that U.S. mutual funds held about $43.5 billion in Chinese stocks and bonds at the end of April.
Read the full article on BBC News.