Investors resigned to Trump’s China ban, with Biden seen changing little

Trump’s executive order requires U.S. investors to completely divest from the securities of 44 companies deemed to be linked to the Chinese military.Confusion over the order, which has been amended and interpreted via different guidance from separate agencies, has roiled Asian markets, led financial institutions to purge potentially affected companies from funds and asset managers to sell positions at depressed prices.

With the sanctions effectively kicking in after Biden takes office, financial professionals are waiting to see how he handles the issue, but expectations are low that he will reverse course, leaving investors worried their access to China’s vast capital market and huge economy will be increasingly restricted.Some of the confusion stems from deep divides within the T…