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WASHINGTON, Nov. 12 (Reuters) – The Trump administration is finalizing an executive order to ban U.S. investments in Chinese companies that Washington says are owned or controlled by the Chinese military, according to three sources familiar with the matter , with the aim of increasing pressure on Beijing after the US elections.
The order, which could impact some of China’s biggest companies, including telecommunications companies China Telecom Corp Ltd, China Mobile Ltd and surveillance equipment maker Hikvision, could be made public as early as Thursday, two officials said. Americans and someone familiar with the matter.
The White House NSC did not immediately respond to a request for comment.
The move is intended to dissuade US investment firms, pension funds and others from buying and selling shares of major Chinese companies. As of Jan. 11, the order would ban any transactions by U.S. nationals in the securities of 31 Chinese companies designated by the Defense Ministry as supported by the Chinese military earlier this year.
One of the sources, a US official speaking on condition of anonymity, said a decree and a declaration from the National Security Council (NSC) was expected as early as Thursday “on protecting investors from the funding of these companies ”.
Edited by Chirs Sanders and Edward Tobin
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