Wall Street’s China Investment Plans In Tatters Over Stringent Treasury Rules

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Wall Street’s China Investment Plans In Tatters Over Stringent Treasury Rules

In mid-December, representatives from Wall Street’s largest banks met with U.S. Treasury officials to understand how their clients could comply with new rules governing investments in Chinese companies deemed potential national security risks. The regulations apply to both U.S. persons and foreign entities controlled by U.S. persons, covering investments in Chinese entities or those outside China controlled by Chinese persons engaging in restric…