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

  • 4 weeks   ago
U.S. delays trading ban on Chinese-military linked securities

The Biden administration gave investors two more weeks to buy or sell securities in certain companies it says are tied to the Chinese military, the U.S. Treasury Department said in a notice posted on its website on Tuesday.

Investors now have until 9:30 a.m. (1330 GMT) on June 11 to compete their transactions, the department said. The previous deadline was May 27.

 

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 Beijing's military. 

At least eight Chinese companies have been placed under such restrictions. One, mobile phone maker Xiaomi (1810.HK) , filed a lawsuit in response, and the U.S. Defense Department agreed to remove it from the banned list.

Comments