Forwarded from 📡Guardians of Hong Kong
#Sanction #US
#Trump Signs Executive Order to Ban Investment in 31 #PLA related Companies
The US President Donald Trump has signed an executive order prohibiting Americans from investing in 31 Chinese companies allegedly tied with the People’s Liberation Army (PLA), including China Mobile, China Telecom, and the China Aviation Industry Corporation, covering industries such as telecommunication technology, aerospace, shipbuilding, and construction.
This executive order will take effect on Jan 11, 2021. All companies listed by the U.S. Department of Defense as owned or controlled by the Chinese military, are banned from US corporate, pension and personal investments.
The executive order covers stocks, funds, and derivatives. U.S. investors who hold these securities are required to sell them before November next year. In addition, investors will have 60 days to clear their holdings for any Chinese companies added to the list in the future.
#US #ChineseCompanies #DonaldTrump #InvestmentBan #ExecutiveOrder
Source: Stand New #Nov13
https://bit.ly/2V57x3v
#Trump Signs Executive Order to Ban Investment in 31 #PLA related Companies
The US President Donald Trump has signed an executive order prohibiting Americans from investing in 31 Chinese companies allegedly tied with the People’s Liberation Army (PLA), including China Mobile, China Telecom, and the China Aviation Industry Corporation, covering industries such as telecommunication technology, aerospace, shipbuilding, and construction.
This executive order will take effect on Jan 11, 2021. All companies listed by the U.S. Department of Defense as owned or controlled by the Chinese military, are banned from US corporate, pension and personal investments.
The executive order covers stocks, funds, and derivatives. U.S. investors who hold these securities are required to sell them before November next year. In addition, investors will have 60 days to clear their holdings for any Chinese companies added to the list in the future.
#US #ChineseCompanies #DonaldTrump #InvestmentBan #ExecutiveOrder
Source: Stand New #Nov13
https://bit.ly/2V57x3v
Forwarded from 📡Guardians of Hong Kong
China Mobile, Telecom, and Unicom will be delisted as U.S. ban investment in Chinese military-related firms
The New York Stock Exchange announced on 31 Dec. 2020 that China Mobile, China Telecom, and China Unicom Hong Kong will be delisted so as to comply with President Trump’s November executive order, which prohibits U.S. capital from investing in Chinese military-linked firms. NYSE will suspend their ADR trading from 7th to 11th of January, after which they will be delisted.
President Trump’s executive order will become effective at 9 a.m. ET on 11 Jan., prohibits U.S. individual investors, investment firm, and pension funds from trading or investing in the stocks or derivatives of 31 Chinese firms. In addition to the three telecommunication companies mentioned above, Huawei, Hikvision, China Communications Construction, and China Railway Construction are included as well. The order also stipulates that U.S. investors will not be allowed to hold any securities products of these 31 Chinese firms on or before 11 Nov. 2022.
#NewYorkStockExchange #ChinaMobile #ChinaTelecom #ChinaUnicom #Huawei #ExecutiveOrder #USChinaRelation #ExecutiveOrder
Source: Stand News #Jan01
https://bit.ly/2N2ctp2
The New York Stock Exchange announced on 31 Dec. 2020 that China Mobile, China Telecom, and China Unicom Hong Kong will be delisted so as to comply with President Trump’s November executive order, which prohibits U.S. capital from investing in Chinese military-linked firms. NYSE will suspend their ADR trading from 7th to 11th of January, after which they will be delisted.
President Trump’s executive order will become effective at 9 a.m. ET on 11 Jan., prohibits U.S. individual investors, investment firm, and pension funds from trading or investing in the stocks or derivatives of 31 Chinese firms. In addition to the three telecommunication companies mentioned above, Huawei, Hikvision, China Communications Construction, and China Railway Construction are included as well. The order also stipulates that U.S. investors will not be allowed to hold any securities products of these 31 Chinese firms on or before 11 Nov. 2022.
#NewYorkStockExchange #ChinaMobile #ChinaTelecom #ChinaUnicom #Huawei #ExecutiveOrder #USChinaRelation #ExecutiveOrder
Source: Stand News #Jan01
https://bit.ly/2N2ctp2