FTSE Russell to remove more China stocks from indexes over U.S. ban
Global index publisher FTSE Russell said it will delete a further 20 Chinese companies from its indexes after user feedback on an updated U.S. executive order that bars U.S. investment in companies with alleged ties to China's military.
U.S. President Joe Biden signed the order on June 3 that bans U.S. entities from investing in dozens of Chinese companies with alleged ties to defence or surveillance technology sectors, replacing an earlier order under Donald Trump.
In a statement on its website, FTSE Russell said the additional Chinese companies will be deleted from its indexes on July 28.
Source: Reuters #Jul09
https://t.co/HwkXDdIFKd
#FTSE #Russell #China #US #JoeBiden
Global index publisher FTSE Russell said it will delete a further 20 Chinese companies from its indexes after user feedback on an updated U.S. executive order that bars U.S. investment in companies with alleged ties to China's military.
U.S. President Joe Biden signed the order on June 3 that bans U.S. entities from investing in dozens of Chinese companies with alleged ties to defence or surveillance technology sectors, replacing an earlier order under Donald Trump.
In a statement on its website, FTSE Russell said the additional Chinese companies will be deleted from its indexes on July 28.
Source: Reuters #Jul09
https://t.co/HwkXDdIFKd
#FTSE #Russell #China #US #JoeBiden