Investment ban

Discussion in 'Wall St. News' started by dealmaker, Nov 13, 2020.

  1. dealmaker

    dealmaker

    Investment ban

    American investors are now banned from putting money into Chinese companies that are owned or controlled by the military, per an order from President Trump. China Mobile Communications Group and China Telecoms Corp are both on the list, so shares in China's biggest networks have taken a dive. Also on the list: Huawei, Hikvision, Norinco Group, and China Railway Construction Corp. Fortune
     
  2. Cuddles

    Cuddles

    No word on if Chinese can buy stock on American telecom?
     
  3. JSOP

    JSOP

    Chinese don't care and are not allowed to anyway. China has strict capital control policies on its citizens. No money gets to leave the country.
     
  4. JSOP

    JSOP

    About time. US investors shouldn't be investing in companies that are controlled by not just the military but the government also.
     
    apdxyk and dealmaker like this.