CHINA-US: US PRESIDENT TRUMP ISSUES EXECUTIVE ORDER PROHIBITING PURCHASE, SALE AND TRADING OF SHARES INVOLVING CHINESE MILITARY COMPANIES
In the last week of December, US President Trump issued an Executive Order "to protect American investors and pension holders from funding Communist Chinese military companies (CCMCs)". The Order becomes effective from January 11, 2021, after which U.S. investors will no longer be able to transact in publicly traded or private market debt or equity securities, or any securities that are derivative thereof, regardless of the percentage ownership of CCMCs, with full divestment required by November 11, 2021.
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