"Many major stock and bond indices developed by index providers like MSCI and FTSE include malign People's Republic of China (PRC) companies, listed on the Department of Commerce Entity List and/or the Department of Defense List of Communist Chinese military companies," it added.
The State Department said that China National Chemical Corporation and China Communications Construction Company were among the 22 firms that have affiliates included in the MSCI Emerging Markets Index, FTSE Emerging Index and Bloomberg Barclays Global Aggregate Index.
On November 12, US President Donald Trump had signed an executive order that prohibits Americans from investing in these 31 firms beginning on January 11 next year.
Earlier this month, Washington added another four companies to the blacklist, including China's top chip maker Semiconductor Manufacturing International Corporation and oil giant China National Offshore Oil Corporation.
The State Department had also said at least 13 Chinese firms previously added to the US Commerce Department's entity list or the blacklist had affiliates or parent companies included in MSCI or FTSE Russell stock indices. The entity list prohibits the export of protected US technology to designated companies without first obtaining a licence from the US government.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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