White House Delays Deadline for Chinese Military-Linked Securities Transactions
According to a Reuters report, the Biden Administration has given investors an additional two weeks to trade securities in certain companies that the U.S. deemed linked to the Chinese military. The Trump administration had instituted a transaction ban on several of these securities under an executive order. The Biden White House is offering an extension to investors in order to craft a stronger policy to prohibit these trades, Reuters reports, giving investors until June 11 to complete their transactions. The previous deadline was May 27. Further guidance is expected from the Treasury Department in the coming weeks.