The following article provides an update on sanctions made by the United States against Communist Chinese Military Companies and the implications for the securities market of Hong Kong.
On 12 November 2020, the President of the United States issued Executive Order 13959 (EO13959). EO13959 prohibits specific transactions in securities linked to what the Order describes as “Communist Chinese Military Companies”; this has led to significant market uncertainty. The uncertainty led to another Order (EO13974) being issued to amend components of the EO13959; the update in this article summarizes the current status of EO13959 after amendments by EO13974.
Authors: Richard Mazzochi, Partner and Minny Siu, Partner, King & Wood Mallesons
Members-only access
To access the full resource, you must be a member. Already a member? Login to unlock.
Login
Not an ACC member?
Gain access to a comprehensive collection of global resources for in-house counsel
Sign up for a 30-day trial
Region:
Hong Kong
,
China
,
United States
The information in any resource collected in this virtual library should not be construed as legal advice or legal opinion on specific facts and should not be considered representative of the views of its authors, its sponsors, and/or ACC. These resources are not intended as a definitive statement on the subject addressed. Rather, they are intended to serve as a tool providing practical advice and references for the busy in-house practitioner and other readers.