They also prohibit possession of such securities by United States persons 1 year after a company is determined to be a Communist Chinese military company ...
This will force pension funds and investors to sell off anything the US determines to be of a Chinese military nature -- this could be a lot of Chinese companies.
Today, I signed an Executive Order amending Executive Order 13959. The amendments prohibit certain sales as well as purchases of publicly traded securities, or any securities that are derivative of, or are designed to provide investment exposure to such securities, of any Communist Chinese military company.
If I'm not mistaken, this would exclude UBS and Staple Street Capital (both mentioned on the "money trail" slide of Pulitzer's report) from doing business in the US.
Twitter comes to mind. Just speaking off the cuff, Twitter seems not to give an eff about user growth, which is the primary driver of their market price.
Shit's gonna go down.
Aren't... all of them?
Are there are intelligent pedes who can give the over/under of this? I read it, but not sure what the implications are.
Gives to Sec Def leeway in identifying companies that are CCP owned.
They also prohibit possession of such securities by United States persons 1 year after a company is determined to be a Communist Chinese military company ...
This will force pension funds and investors to sell off anything the US determines to be of a Chinese military nature -- this could be a lot of Chinese companies.
So when China Joe steps in and revokes it, they will be okey doke?
No, will meet same fate as the DACA precedent.
Maybe if it were penned by a democrat. That’s the precedent. Democrat EOs are unassailable, while Republican EOs carry no weight.
Probably, but a lot of questions will be raised. And that's the point.
Sycophant media will not be raising any questions.
Commie Democrats and RINO's have to sell all their CCP stock within one year.
See also:
https://nypost.com/2021/01/12/biden-inauguration-gives-back-donation-from-chinese-linked-ca-senator/
Today, I signed an Executive Order amending Executive Order 13959. The amendments prohibit certain sales as well as purchases of publicly traded securities, or any securities that are derivative of, or are designed to provide investment exposure to such securities, of any Communist Chinese military company.
If I'm not mistaken, this would exclude UBS and Staple Street Capital (both mentioned on the "money trail" slide of Pulitzer's report) from doing business in the US.
Might also block Bitcoin?
Why Bitcoin?
Wonder if any Big Tech is wrapped up in this?
Twitter comes to mind. Just speaking off the cuff, Twitter seems not to give an eff about user growth, which is the primary driver of their market price.
Need one more EO imposing reparations on China
that's the wrong EO