Biden nearly doubles number of Chinese companies U.S. investors can't buy stock in

President Joe Biden has nearly doubled the list of Chinese companies whose shares are off-limits to U.S. investors in the latest sign he isn't softening Washington's stance toward Beijing.

An executive order issued late Thursday says it aims to "solidify and strengthen" an order signed last year by his predecessor, Donald Trump, by strengthening controls on investments in Chinese companies that the U.S. says are linked to defense and surveillance. The intension is to "ensure that U.S. investments are not supporting Chinese companies that undermine the security or values of the United States and our allies," the order says.