; or (2) an entity organized under the laws of the People's Republic of China (including the Hong Kong Special Administrative Region) or otherwise subject to the jurisdiction of the Government of the People's Republic of China. (c) Sanctions described The sanctions described in this subsection are the following: (1) Blocking of property The President may, pursuant to the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq. ), block and prohibit all transactions in property and interests in property of the sanctioned person if such property and interests in property are in the United States, come within the United States, or are or come within the possession or control of a United States person. (2) Banking transactions The President may prohibit any transfers of credit or payments between financial institutions or by, through, or to any financial institution, to the extent that such transfers or payments are subject to the jurisdiction of the United States and involve any interest of the sanctioned person. (3) Loans from United States financial institutions The President may prohibit any United States financial institution from making loans or providing credit to the sanctioned person. (4) Foreign exchange transactions The President may prohibit any transactions in foreign exchange that are subject to the jurisdiction of the United States and in which the sanctioned person has any interest. (5) Prohibition on investment in equity or debt of sanctioned person The President may prohibit any United States person from investing in or purchasing significant amounts of equity or debt instruments of the sanctioned person. (6) Prohibitions on financial institutions The President may direct that the following prohibitions be imposed with respect to a sanctioned person that is a financial institution: (A) Prohibition on designation as primary dealer Neither the Board of Governors of the Federal Reserve System nor the Federal Reserve Bank of New York may designate, or permit the continuation of any prior