By Reuters Staff
2 Min Read
LONDON (Reuters) - FTSE Russell has put on ice the potential ejection of five more Chinese firms from key stock indexes, after the United States pushed back any decision on formally blacklisting them to May.
President Joe Biden’s administration has extended a deadline requiring investors to sell their stakes in companies “whose name closely matches, but does not exactly match, the name of a Communist Chinese military company” until May 27.
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) said in its statement, issued on Wednesday, that it had extended the Jan. 28 deadline.