Trumps Bans Investments in Publicly Traded Securities of “Chinese Military Companies”


Source: jdsupra.com jdsupra.com

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President Trump issued an Executive Order on November 12, 2020 that will prohibit U.S. persons from investing in publicly traded securities of certain companies determined to be affiliated with China’s military. Executive Order 13599 (the “ Order ”), entitled “Executive Order on Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies”, does not take effect until January 11, 2021. U.S. persons in the financial services industry, however, should start assessing potential risks now. Summary of the Order Citing a threat to U.S. national security posed by China’s military-industrial complex, President Trump issued the Order to prevent China...