WASHINGTON, 27 Jan (Reuters) – The United States on Wednesday modified its restrictions on investments in certain Chinese military companies, saying they also apply to their subsidiaries, while allowing purchases until May of companies with names similar to those that have been banned. .
In a statement posted on the Treasury Department website, the government of President Joe Biden said that most investments in companies “whose name matches closely, but not exactly, under the name of a Chinese military company “will be allowed until 27 May.
The order does not authorize securities transactions with subsidiaries of banned Chinese military companies, he added.
In November, the Donald Trump government banned investments in Chinese companies that Washington claimed were owned or controlled as by the military, in an effort to increase pressure on Beijing after the presidential elections.
The order prohibited US investors from buying securities in such companies. and was thought to affect some of the largest Chinese companies, although some have denied ties to the military.
Beijing has said the United States lacks evidence and has qualified the prohibition of a gratuitous oppression of their companies.
(Report by Susan Heavey; Edited in Spanish by Javier Leira)