UPDATE 3-U.S. delays trading ban on Chinese-military linked securities


Source: netscape.com netscape.com

Key Topics in this News Article:

News Snapshot:

(Adds comment from administration official) WASHINGTON, May 18 (Reuters) - The Biden administration on Tuesday gave investors two extra weeks to buy or sell securities in certain companies it deems are tied to the Chinese military, an extension it said was needed to craft a stronger policy to prohibit such trades. President Joe Biden's administration has been reviewing a number of aspects of U.S.-China policy, including a ban imposed under his predecessor Donald Trump on investments in certain Chinese companies that the United States says are linked to China's armed forces and intelligence agencies. Investors now have until 9:30 a.m....