Executive Order 14032

Summary

Executive Order 14032
Addressing the Threat From Securities Investments That Finance Certain Companies of the People's Republic of China
Seal of the President of the United States
Executive Order 14032.pdf
Executive Order 14032 in the Federal Register
TypeExecutive order
Executive Order number14032
Signed byJoe Biden on June 3, 2021 (2021-06-03)
Federal Register details
Federal Register document number2021-12019
Publication dateJune 7, 2021 (2021-06-07)
Document citation86 FR 30145

Executive Order 14032, titled Addressing the Threat From Securities Investments That Finance Certain Companies of the People's Republic of China, was an executive order signed by United States President Joe Biden on June 3, 2021.[1][2] The order came into effect on August 2, 2021.[3]

The order expands the scope of the national emergency declared in Executive Order 13959 and prohibits U.S. persons from investing in Chinese companies identified by the U.S. government as having ties to China's military or surveillance industry.[4][5]

Reactions

Wang Wenbin, the spokesman for the Ministry of Foreign Affairs of the People's Republic of China, accused the United States of "overextending the concept of national security" and "abusing its national power", and suggested China would retaliate.[3][6] The Hang Seng Index dropped 1.1% following the announcement of the order.[7]

References

  1. ^ "Executive Order on Addressing the Threat from Securities Investments that Finance Certain Companies of the People's Republic of China". The White House. 2021-06-03. Archived from the original on 2021-06-07. Retrieved 2021-06-05.
  2. ^ "Issuance of Executive Order Addressing the Threat from Securities Investments that Finance Certain Companies of the People's Republic of China & related FAQs; Introduction of Non-SDN Chinese Military-Industrial Complex Companies List | U.S. Department of the Treasury". home.treasury.gov. Archived from the original on 2021-06-05. Retrieved 2021-06-05.
  3. ^ a b "Biden expands US investment ban on Chinese firms". BBC News. June 4, 2021. Archived from the original on June 6, 2021. Retrieved June 6, 2021.
  4. ^ Lubold, Gordon; Leary, Alex (June 3, 2021). "Biden Expands Blacklist of Chinese Companies Banned From U.S. Investment". The Wall Street Journal. Archived from the original on June 5, 2021. Retrieved June 6, 2021.
  5. ^ Sanger, David E. (June 3, 2021). "Biden issues an order banning U.S. investment in firms that aid surveillance and repression". The New York Times. Archived from the original on June 4, 2021. Retrieved June 6, 2021.
  6. ^ Ni, Vincent (June 4, 2021). "Biden sanctions Chinese companies as Beijing says 'normal communication' resumed". The Guardian. Archived from the original on June 5, 2021. Retrieved June 6, 2021.
  7. ^ Shidong, Zhang (June 3, 2021). "Hong Kong stocks post biggest loss in three weeks as Biden seen amending China sanctions, adding more targets". South China Morning Post. Shanghai, China. Archived from the original on June 5, 2021. Retrieved June 6, 2021.