China Stock Delisting: YANG BEAR ETF
American banks prepare delisting of 500 exchange-traded products in Hong Kong
Wall Street Banks Adjust Their Offers In Hong Kong By De-Quoting About 500 Exchange-Traded Products To Meet Trump's Sanctioning Order.
Goldman Sachs Solution, JPMorgan and Morgan Stanley to take effect this month.
The State Street Global Advisors fund manager said that its Hang Seng TraHK index tracker will no longer invest in businesses suspected of having ties to the Chinese military and are blacklisted Donald Trump.
Meanwhile BlackRock informed clients that its iShares ETFs were also adjusted in line with the underlying indices in response to sanctions.
Last week New York Stock Exchange Bans China Mobile Telecom Companies, China Telecom and China Unicom trading on your site. However, this happened only after much discussion and reflection.. The reason for the NYSE's initial indecision remains unclear, but it is known that Treasury recommendations played a key role in ending this story..
Trump also signed an executive order last week banning transactions with eight Chinese payment apps, including Alipay. Besides , White House Considers Banning Americans From Investing in Alibaba and Tencent, although the implementation of the ban raises many questions in the market.
Investing in China Stocks. Risks and Rewards Part 2 of 2
Trump's term comes to an end, but the new president Joe Biden, not expected to change the government's stance on China.
«There is bipartisan pressure for a hard line on China. Biden himself prioritizes future economic incentives», – said Yaret Seiberg, Cowen analyst.
This could mean that the US capital markets, as well as access to the US consumer base, may still be a challenge for Chinese companies..
In fact, Biden could get even tougher on China, Seiberg said..
«I do not rule out his requesting Congress to shorten the three-year period during which Chinese companies must open their audits to audits before American exchanges have to remove them from their list.», – he thinks.