Donald Trump: Trump administration readies crackdown on US investments in Chinese firms: Sources – Latest News
The order, which may impression a few of China’s largest corporations, together with telecoms companies China Telecom Corp Ltd , China Mobile Ltd and surveillance gear maker Hikvision, could possibly be launched as quickly as Thursday, two U.S. officers and one different particular person aware of the matter stated.
One of many sources stated U.S. President Donald Trump had already signed the order.
The White Home Nationwide Safety Council (NSC) didn’t instantly reply to a request for remark.
The transfer is designed to discourage U.S. funding companies, pension funds and others from shopping for and promoting shares of 31 Chinese language corporations that have been designated by the Protection Division as backed by the Chinese language army earlier this yr. Beginning Jan. 11, the order would prohibit any transaction by U.S. traders of their securities.
One of many sources, a U.S. official talking on the situation of anonymity, stated an govt order and assertion from the NSC was anticipated as early as Thursday “on defending traders from funding these corporations.”
