US ban on China firms could affect US$60bn of bonds, says JPMorgan

[ad_1]

US curbs on investors owning securities from a number of Chinese companies could affect as much as US$60 billion worth of bonds and spark hefty outflows through forced selling, JPMorgan wrote in a note to clients.Donald Trump’s White House issued an executive order in November banning Americans from investing in companies the US Defence Department says have ties to China’s military – an assertion many of the firms deny and that China’s government says lacks evidence.While a number of the 44…

[ad_2]

Source link