U.S. Extends Period for Investors Coping With China Stock Ban

Investors have more time to comply with Trump executive order
Ban involves firms tied to Chinese military trading on NYSE

First Day Of Trading For 2021 In U.S. Markets — Photographer: Michael Nagle/Bloomberg

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By Saleha Mohsin

January 27, 2021 at 2:05 PM UTC

This article is for subscribers only.

The U.S. is giving investors more time to wind down transactions with companies tied to the Chinese military as the Biden administration weighs the status of its relationship with China.

The Treasury Department’s Office of Foreign Assets Control announced Wednesday that it will extend the wind-down period for transactions with the firms to May 27, from Jan. 11. The full investment ban that former President Donald Trump set to take effect Nov. 11 remains intact.