Biden signed an executive order banning the purchase of stocks of 59 Chinese companies

3 weeks ago
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U.S. President Joe Biden signed an executive order prohibiting Americans to buy shares of 59 Chinese companies, the document was distributed by the White House press service on Thursday.

The executive order applies to companies associated, according to Washington, with the defense sector of the PRC. The list includes 59 companies, including enterprises of aviation and space sectors of China.

Biden signed an executive order banning the purchase of stocks of 59 Chinese companies

“The executive order prohibits U.S. citizens from purchasing or selling any publicly traded securities,” the White House said in a statement.

It is specified that the ban will begin on August 2.