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US adds 8 Chinese firms to investment restrictions list -Treasury website

US adds 8 Chinese firms to investment restrictions list -Treasury website

Signage is seen at the United States Department of the Treasury headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo

WASHINGTON : The U.S. Treasury Department on Thursday added eight Chinese technology firms, including drone maker DJI Technology Co Ltd, to an investment blacklist, according to the department's website.

Treasury's move, which also added Megvii Technology Limited, Xiamen Meiya Pico Information Co Ltd and others to the list of "Chinese military-industrial complex companies," bars Americans from purchasing or selling certain publicly traded securities of the companies.

(Reporting by Daphne Psaledakis and Alexandra Alper)

Source: Reuters

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