January 24, 2021
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JPMorgan said in a note to clients earlier this week: The US ban on investors from holding shares of blacklisted Chinese firms It could affect as much as $ 60 billion in bonds. And will stimulate money flows out of the bond market through
President Donald’s government Trump issued an executive order in November to prohibit Americans from investing in companies that the US Defense Department said had links to the Chinese military.
44 companies on the US Department of Defense blacklist have been eliminated from calculations of various stock indices. And shares were delisted from the New York Stock Exchange. Which will affect the bond market as well This is because many bonds are issued by their affiliates.
JP Morgan estimates that US $ 5.5-6.0 billion of bonds will be affected by the delisting measures in Chinese companies.
President Joe’s side Biden, who took office on Wednesday, did not disclose any plans. Regarding Trump’s President’s Decree To Withdraw Investments In Chinese Companies But President Biden was able to easily dismiss the order.
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