Wall Street’s China Woes Multiply as Trump Ramps Up Tensions (1)

It was mid-December, and representatives for Wall Street’s biggest banks were meeting with US Treasury officials to better understand how their clients can comply with new rules for investing in Chinese companies that pose potential national security risks.

Bankers from Goldman Sachs, Morgan Stanley and others left the meeting confused, with more questions than answers about which deals qualify and what reporting is required to stay within the complex guidelines, according to people familiar with the talks, who spoke on condition they not be identified.

Banks “may be more cautious about even proposing some deals’’ under the rules, said Christian ...