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Trump Administration Bans US Investments in Firms Linked to Chinese Military

Reuters

   The Trump administration Thursday announced an executive order
   prohibiting U.S. investment in Chinese firms that Washington says are
   owned or controlled by the Chinese military, ramping up pressure on
   Beijing after the U.S. election.

   The order could impact some of China's biggest companies, including
   telecom firms China Telecom Corp. Ltd., China Mobile Ltd. and
   surveillance equipment-maker Hikvision.

   The move is designed to deter U.S. investment firms, pension funds and
   others from buying and selling shares of 31 Chinese companies that were
   designated by the Defense Department as backed by the Chinese military
   earlier this year.

   Starting January 11, the order will prohibit any transaction by U.S.
   investors in the securities of those companies. It also bans Americans
   from buying and selling securities in a Chinese company beginning 60
   days after it is designated as a Chinese military company.

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