Under the ban can get some of the largest companies in China.
The decree may affect some of China’s largest companies, including telecommunications companies China Telecom and China Mobile, and video surveillance equipment manufacturer Hikvision.
The decree prohibits American investment firms, pension funds, and other companies from buying and selling shares in 31 Chinese companies. Earlier this year, the Ministry of Defense ruled that these companies are linked to the Chinese armed forces.
Since January 11, investors from the United States are prohibited from conducting any operations with these companies’ securities. The decree also prohibits Americans from buying and selling Chinese companies’ securities more than 60 days after the military recognized them.