Tag: finance

US President Trump amends order to address threat from securities investment in Chinese military companies
China, World

US President Trump amends order to address threat from securities investment in Chinese military companies

United States President Donald Trump amended an executive order on Wednesday to address the threat from securities investments that finance Chinese military companies.“Effective at 11:59 pm eastern standard time on November 11, 2021 [04:59 GMT on November 12], possession of any such securities by a United States person is prohibited,” stated the executive order, published on Thursday, according to a White House release.According to the order, investors are permitted to conduct any transaction that will allow them to divest of securities in firms that Washington believes have links to the Chinese military.The new order amends a preceding directive published in November last year that merely prohibited investors from purchasing securities in these firms after November 11, 2021.Earlier, an ex