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Executive Order 14032, titled Addressing the Threat From Securities Investments That Finance Certain Companies of the People's Republic of China, was an
executive order In the United States, an executive order is a directive by the president of the United States that manages operations of the federal government. The legal or constitutional basis for executive orders has multiple sources. Article Two of the ...
signed by
United States president The president of the United States (POTUS) is the head of state and head of government of the United States. The president directs the executive branch of the federal government and is the commander-in-chief of the United States Armed For ...
Joe Biden Joseph Robinette Biden Jr. (born November 20, 1942) is an American politician who was the 46th president of the United States from 2021 to 2025. A member of the Democratic Party (United States), Democratic Party, he served as the 47th vice p ...
on June 3, 2021. The order came into effect on August 2, 2021. The order expands the scope of the national emergency declared in
Executive Order 13959 Executive Order 13959 is a U.S. Presidential Executive Order signed on November 12, 2020, by President Donald Trump. Its title, and stated goal, is "Addressing the Threat From Securities Investments That Finance Communist Chinese Military Compan ...
as means to deter American investors from investing in Chinese companies identified by the U.S. government as having ties to China's military or surveillance industry.


Reactions

Wang Wenbin Wang Wenbin (; born April 1971) is a Chinese politician and diplomat who currently serves as the Chinese Ambassador to Cambodia. He was formerly a spokesman for the Ministry of Foreign Affairs (MFA), deputy director of the Foreign Ministry Info ...
, the spokesman for the
Ministry of Foreign Affairs of the People's Republic of China The Ministry of Foreign Affairs of the People's Republic of China is the first-ranked Ministries of the People's Republic of China, executive department of the State Council of China, responsible for the country's Foreign relations of China, f ...
, responded by accusing the United States of "overextending the concept of national security" and "abusing its national power", and suggested China would retaliate. The
Hang Seng Index The Hang Seng Index (HSI) is a market-Capitalization-weighted index, capitalisation-weighted stock market index in Hong Kong adjusted for free float. It tracks and records daily changes in the largest stock listings on the Hong Kong Stock Exch ...
dropped 1.1% following the announcement of the order.


References

{{Authority control 2021 in American law China–United States relations Executive orders of Joe Biden Sanctions against China United States sanctions