Trump administration strengthening order prohibiting US investment in Chinese military companies

Photo: Alex Wong via Getty Images

The Trump administration reinforced an executive order banning US investment in Chinese military companies, in a notice published by the Treasury Department late Monday.

The Treasury Department issued a notice titled "Frequently Asked Questions" detailing President Donald Trump's November Executive Order (EO) 13959. The notice states that the Trump administration will ban exchange-traded funds (ETFs) and index funds to fund Chinese Communist military companies and any subsidiaries. Owned or controlled by the Chinese military.

The Treasury’s website says that the prohibitions in E.O. 13959 “apply to any subsidiary of a Communist Chinese military company after such subsidiary is publicly listed by Treasury.”

CTM News

29 Dec 2020

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