by Summary:
The executive order, which prohibits direct investment in both debt and equity securities, but also bans Americans from investing in funds that contain Chinese securities in their portfolios, is meant to stop US capital from being used by China to undermine national security....Gives new meaning to "capital controls."The more the US attacks these companies economically, the more the Chinese government will support them economically, which is the US government's complaint, so it is not like they don't know this. So who does it impact? The American investors that are shut out. Zero HedgeBiden To Ban Investments In 59 Chinese Companies Including Huawei And China's Largest ChipmakerTyler DurdenAlso at ZHCollateral damage?Tesla Shares Plunge Below 0 After Reports Of Collapse In May China
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The executive order, which prohibits direct investment in both debt and equity securities, but also bans Americans from investing in funds that contain Chinese securities in their portfolios, is meant to stop US capital from being used by China to undermine national security....Gives new meaning to "capital controls."The more the US attacks these companies economically, the more the Chinese government will support them economically, which is the US government's complaint, so it is not like they don't know this. So who does it impact? The American investors that are shut out. Zero HedgeBiden To Ban Investments In 59 Chinese Companies Including Huawei And China's Largest ChipmakerTyler DurdenAlso at ZHCollateral damage?Tesla Shares Plunge Below 0 After Reports Of Collapse In May China
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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The executive order, which prohibits direct investment in both debt and equity securities, but also bans Americans from investing in funds that contain Chinese securities in their portfolios, is meant to stop US capital from being used by China to undermine national security....Gives new meaning to "capital controls."
The more the US attacks these companies economically, the more the Chinese government will support them economically, which is the US government's complaint, so it is not like they don't know this. So who does it impact? The American investors that are shut out.
Also at ZH
Tesla Shares Plunge Below $600 After Reports Of Collapse In May China Orders
See also
Huawei: Accelerate Financial Digitalization, Create New Value Together