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Trump administration anticipated to mull growth of China funding ban-sources By Reuters


© Reuters.

By Alexandra Alper, Humeyra Pamuk and Mike Stone

WASHINGTON (Reuters) – Trump administration officials plan to meet Thursday to discuss proposed changes to an executive order banning U.S. investment in Chinese companies believed to have military ties.

The order has created confusion for investors and companies trying to abide by the regulations.

One change that is likely to be discussed is a draft amendment intended to clarify that U.S. investors must fully sell their positions in the blacklisted companies by November 11, 2021, according to two sources.

If approved, the proposed change would dramatically widen the scope of the directive, which would require only US investors to stop buying the stocks of blacklisted companies by that date.

It was not clear whether final decisions would be taken at the meeting, which officials from the Department of State, Treasury and Defense will attend.

The state, Treasury and Defense Department did not immediately respond to requests for comment.

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