Trump Issued Another Ban! Bans Investment in 31 Companies Backed by CCP Military | Administrative order | The Epoch Times

[La Gran Época 13 de noviembre de 2020](Full report by Lai Yiqing Taiwan, Epoch Times reporter) US President Trump issued an executive order on Thursday (November 12) to ban US companies or individuals from investing in the CCP starting in January. of the next year. Company with military experience. The reason is that the CCP is using American capital to develop military, intelligence, and other security institutions, posing a threat to the United States; at least 31 Chinese companies are listed as related to the CCP military, including China Mobile, China Telecom, and Hikvision.

Trump invoked the International Emergency Economic Powers Act (IEEPA), the National Emergency Act and Section 301 to issue an executive order on the 12th.

Trump’s statement at the White House noted that the CCP is increasingly using US funds for resource development to allow the CCP’s military, intelligence, and other security agencies to develop and modernize. In this way, the CCP can directly threaten the continental US and the US military abroad. , Including through the development and deployment of weapons of mass destruction, advanced conventional weapons, and malicious cyber activities against the United States and its people.

The statement noted that the CCP uses the national military-civil integration strategy to force private companies to support military and intelligence activities and expand the scale of the military-industrial complex. Although these companies are private and private enterprises on the surface, they directly support the CCP’s military, intelligence and security institutions, and assist in their development and modernization, posing extraordinary threats to national security, foreign policy, and the United States economy.

The statement also mentioned that these companies sell securities through public transactions within and outside the United States, pressure US investment financial institutions to issue securities and take other actions to raise funds. In this way, the CCP uses American investors to finance the development and modernization of its military.

Trump stated that to protect the land and people of the United States, he announced that as of 9:30 a.m. Eastern time on January 11, 2021, U.S. companies and individuals are prohibited from owning or using funds to invest in stocks. of companies owned by the Chinese Communist Party. The divestment must also be completed within 365 days.

The Wall Street Journal reported that Trump’s executive order includes 31 Chinese companies with experience in the CCP military, including Huawei, China Telecom, China Mobile, Hikvision, China Aviation Industry Corporation, China Railway Construction Group, and China Shipbuilding Corporation. Heavy Industry Group, Panda Electronics Group, etc.

The report also cited senior financial professionals who noted that this statement sent a “warning signal” to US investment because of the strained relationship between the US and China, “Chinese stocks of US investors are in danger.”

Editor in Charge: Yuzhen