New York / Hong Kong (CNN Business) President Donald Trump has signed an executive order banning Americans from investing in Chinese firms that the administration says are owned or controlled by the Chinese military. The order applies to 31 Chinese companies which it says "enable the development and modernization" of China's military and "directly threaten" US security. Some of the other companies listed, including China Telecom and China Mobile, trade on the New York Stock Exchange. Huawei, China Telecom and China Mobile did not immediately respond to a request for comment. Many Chinese tech companies have come under pressure during the Trump administration.

Source: CNN November 12, 2020 21:54 UTC