NEW YORK -- More than two dozen private equity firms have promised not to invest in entities based in China and Hong Kong, amid growing urgency in Washington to restrict capital investments into Chinese sectors that could threaten U.S. national security.
The 33 signatories to the Clean Capital Certification pledge maintain that their limited partners are not from or domiciled in China, Hong Kong, Russia, Iran and North Korea -- and that they will not accept investors from these countries. The funds also promise to refrain from investing in startups in these nations.
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