News Snapshot:
0 Comments The Trump administration has beefed up an executive order banning U.S. investments in Chinese military companies, according to a notice posted by the Department of Treasury late on Monday evening. The November executive order prohibits exchange-traded funds and index funds from financing Chinese military companies and/or any related subsidiary companies. In a statement yesterday about the executive order, Secretary of State Mike Pompeo said, “[The prohibition] ensures U.S. capital does not contribute to the development and modernization of the People’s Republic of China’s (PRC) military, intelligence, and security services.†According to Treasury’s post, the department plans to publicly...
