ChinaCache International Holdings Ltd (fka CCIHY)

[steezkeez]

GREAT NEWS, especially for TD users! Thanks for sharing!

If you guys are with TD Ameritrade please contact them to let them know about this! I am attempting to get on the phone with them now.

This new General License 1A SHOULD directly resolve the issue TDA is referencing with respect to the Executive Order 13959 blocking them from converting the ADR shares. I emphasize SHOULD because TDA has been anything but helpful or clear about their reasoning and directives so far.

Per Reuters: "The United States on Wednesday updated its ban on investments in certain Chinese military companies by delaying until May the application of the directiveâ s restrictions on companies with names similar to those that have been blacklisted.

In a statement posted on the U.S. Treasury Department website, the Biden administration said most investments in companies â whose name closely matches, but does not exactly match, the name of a Communist Chinese military companyâ would be allowed until May 27, extending the deadline which was originally set to Jan. 28."

More sources:
(1) https://home.treasury.gov/system/files/126/ccmc_gl1a_01272021_1.pdf
(2) https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210127
(3) https://home.treasury.gov/policy-issues/financial-sanctions/faqs/878
(4) https://www.reuters.com/article/us-usa-china-sanctions/u-s-treasury-amends-investment-bans-on-chinese-military-cos-website-idUSKBN29W1JK?il=0
(5) https://www.ft.com/content/d4af927a-8800-4d2d-8b52-2e71339e8827