The United States on Wednesday amended its restrictions on investments in certain Chinese military companies, saying they also to apply subsidiaries, while allowing purchases through May of companies with names similar to those that have been banned.
In a statement posted on the US Treasury Department website, the Biden administration said most investments in companies "whose name closely matches, but does not exactly match, the name of a Communist Chinese military company" would be allowed until May 27.
The order does not authorize securities transactions with subsidiaries of banned Chinese military companies, it added.
In November, former US President Donald