In the News: Securities Ban Delay; US-China Financial Investment; and Carbon Trading Launch
Feb 1, 2021
| By Vincent Chow
Biden delays implementation of part of Trump's military investment ban; U.S.-China financial investment flows far greater than official figures according to new report; and China launches national carbon emissions trading market
Biden delays part of ban on investments in military-tied Chinese companies
The Biden administration has delayed part of the ban on U.S. investments in companies with alleged ties to the Chinese military enacted by its predecessor. On Jan. 27, the Treasury Department’s Office of Foreign Assets Control (OFAC) issued “General License 1A” postponing the ban for investing in companies with similar names to the blacklisted Chinese companies from Jan. 28 to May 27.
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