Trump to ban investing in companies linked to Chinese military


TO BAN INVESTING IN COMPANIES RELATED TO THE CHINESE ARMY

WASHINGTON (Reuters) – The Trump administration is finalizing a draft presidential executive order that intends to ban U.S. investment in companies owned or controlled by the Chinese military, three sources close to the Chinese said Thursday. situation.

The presidential decree that is likely to have a huge impact on some of China’s biggest companies, China Telecom Corp, China Mobile Hikvision, for example, could be released as early as Thursday, the sources said.

Such a text, which will enter into force on January 11, nine days before Joe Biden’s planned inauguration, would prohibit investment funds, pension funds and all other investors from buying and to sell shares of 31 companies identified as being linked to the People’s Liberation Army (PLA).

The White House National Security Council (NSC) did not respond to requests for comment from Reuters.

(Humeyra Pamuk, Alexandra Alper and Idrees Ali; French version Nicolas Delame)


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