Friday, 15 January 2021

Trump Administration blacklists Xiaomi, US investors must pull out by end of year

The Trump administration has designated Xiaomi as a “Communist Chinese military company” which would qualify it to be one of the blacklisted companies under the Trump Administration’s Executive Order from November that bars American securities and investment companies from putting capital resources on investments that fund “Communist Chinese military companies”. That executive order stated that the “PRC exploits United States investors to finance the development and modernization of its military,” by selling securities to US investors that trade on public stock exchanges both in the US and...

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Author: via Bestsoftpro

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