Effective Jan. 11, 2021, U.S. persons are prohibited from purchasing any publicly traded securities or derivatives of certain Communist Chinese military companies (CCMCs) identified by the U.S. government. Chinese companies subject to this prohibition include entities from a wide range of industries, including Huawei, China Spacesat, and China Mobile Communications Group, among others.
Donald Trump, by his decree, introduced new restrictions on China in order to reduce funding for Beijing’s weapons programs.
The US authorities have demanded that investors in the country completely give up their possession of securities of Chinese companies that are blacklisted and suspected of having links with the PRC military.
Executive Order on Amending Executive Order 13959–Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies
U.S. Prohibits Trading in Securities of Communist Chinese Military Companies.
Letter from President Trump to Pelosi and Pence,
January 14, 2021