Trump’s Rules on China Investment Spark Confusion Across Global Finance
By Eric Platt, Colby Smith, David Carnevali, and Camilla Hodgson
January 7, 2021, Financial Times
Brokers and other financial groups from New York to Hong Kong have been left scrambling to comply with a US presidential ban on investment in companies with alleged ties to the Chinese military.
Donald Trump’s executive order, which comes into effect on January 11, days before he leaves the White House, has flummoxed financial institutions, leaving the New York Stock Exchange banning a handful of Chinese companies, reinstating them days later, and on Wednesday banning them again under pressure from the Trump administration. On Thursday concerns over how the blacklist will apply hit shares in US-listed Asian tech stalwarts Alibaba and Tencent.
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