Two Weeks More…

Two Weeks More…
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​The US Department of the Treasury announced that it will postpone the effective date of the Trump Administration ban on investments in Chinese companies with ties to the Chinese military for two more weeks.  The original Executive Order (13959) was issued by then President Trump on November 12 and was to take effect on January 28.  After President Biden took office, the Treasury extended the deadline to May 27, which is where it stood until this extension.
While the current White House remains ‘deeply concerned about the matter’, the two week extension is said to give them enough time to resolve issues in the original order because it was drafted in a ‘careless manner’.  We have consolidated the Treasury list below, removing various closely named entities or subsidiaries.  While we expect the order to eventually be implemented, we do expect some changes, both to wording and named companies, with likely candidates being at least one if not all of the three Chinese carriers.
AERO ENGINE CORP OF CHINA – (state)
AVIATION INDUSTRY CORPORATION OF CHINA (state)
CHINA ACADEMY OF LAUNCH VEHICLE TECHNOLOGY (state)
CHINA AEROSPACE SCIENCE & INDUSTRY CORP LTD (state)
CHINA AEROSPACE SCIENCE & TECHNOLOGY CORP (state)
CHINA COMMUNICATION CONSTRUCTION GROUP COMPANY, LTD. (601800.CH)
CHINA CONSTRUCTION TECHNOLOGY CO LTD (state)
CHINA ELECTRONICS CORP (state)
CHINA ELECTRONICS TECHNOLOGY GROUP CORP (state)
CHINA GENERAL NUCLEAR POWER (state)
CHINA INTERNATIONAL ENGINEERING CONSULTING CORP (state)
CHINA MOBILE COMMUNICATIONS (941.HK)
CHINA NATIONAL CHEMICAL CORP LTD (state)
CHINA NATIONAL NUCLEAR (state)
CHINA NATIONAL OFFSHORE OIL CORP (state)
CHINA NORTH INDUSTRIES GROUP CORP LTD (NORINCO GROUP)(state)
CHINA NUCLEAR ENGINEERING & CONSTRUCTION CORP LTD (601611.CH)
CHINA RAILWAY CONSTRUCTION CORP LTD (601186.CH)
CHINA SHIPBUILDING INDUSTRY CORP (state)
CHINA SOUTH INDUSTRIES GROUP CO LTD (state)
CHINA SPACESAT (600118.CH)
CHINA STATE CONSTRUCTION GROUP CO LTD (601668.CH)
CHINA STATE SHIPBUILDING CORP LTD (0763828D.CH)
CHINA TELECOM CORPORATION LIMITED (CHA)
CHINA THREE GORGES CORP (state)
CHINA UNICOM (762.HK)
CHINA UNITED NETWORK COMMUNICATIONS GROUP CO LTD (600050.CH)
CNOOC LIMITED (600968.CH)
CRRC CORP LTD (601766.CH)
DAWNING INFORMATION INDUSTRY CO (03019.CH)
HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO LTD (002415.CH
HUAWEI(pvt)
INSPUR GROUP (000977.CH)
NANJING PANDA ELECTRONICS CO LTD (600775.CH)
SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORP (981.HK)
SINOCHEM GROUP CO LTD (6005600.CH)