Analysis: Investors resigned to Trump’s China ban, with Biden seen changing little
Financial executives are settling in for the long haul over the Trump administration’s investment ban on Chinese securities, expecting the rules to be lasting but hoping to have more clarity after President-elect Joe Biden takes office.
Trump’s executive order requires U.S. investors to completely divest from the securities of 44 companies deemed to be linked to the Chinese military.
Confusion over the order, which has been amended and interpreted via different guidance from separate agencies, has roiled Asian markets, led financial institutions to purge potentially affected companies from funds and asset managers to sell positions at depressed prices.