News Snapshot:
Wed, Dec 30, 2020 page6 US bolsters order barring investment in Chinese firms Reuters, WASHINGTON US President Donald Trump’s administration on Monday reinforced an executive order barring US investors from buying securities of alleged Chinese military-controlled companies, following disagreement among US agencies about how tough to make the directive. The US Department of the Treasury published guidance clarifying that the executive order, released last month, would apply to investors in exchange-traded funds and index funds, as well as subsidiaries of Chinese companies designated as owned or controlled by the Chinese military. The “frequently asked questions†(FAQ) release, posted on the...
