The U.S. Treasury Department will ban American investors from buying shares in eight Chinese companies linked to alleged surveillance of Uyghur Muslims.
The Treasury Department will add the companies, which includes popular drone manufacturer DJI, to its list of “Chinese military-industrial complex companies” on Thursday, The Financial Times reported, citing two people familiar with the matter. Investors are barred from engaging in “the purchase or sale of publicly traded securities” or derivatives of companies on the list, according to President Joe Biden’s June executive order establishing the investment blacklist.
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