US Imposes New Restrictions on Chinese Military Companies


Source: jdsupra.com jdsupra.com

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November 18, 2020 US Imposes New Restrictions on Chinese Military Companies Embed To embed, copy and paste the code into your website or blog: On November 12, 2020, President Trump signed Executive Order 13959 prohibiting U.S. persons from engaging in any transaction in publicly traded securities in “Communist Chinese military companies” (CCMCs), effective January 11, 2021. The executive order also prohibits transactions in any securities that are derivative of any publicly traded securities in CCMCs as well as transactions designed to provide investment exposure to such securities. The prohibitions in the executive order, although targeted in scope, apply to transactions...