Goldman, JPMorgan, M. Stanley to delist some Hong Kong products after U.S. ban
By Alun John JANUARY 10, 2021 10:56PM UPDATED 3 HOURS AGO
https://www.reuters.com/article/us-...ong-kong-products-after-u-s-ban-idUSKBN29F0EY
HONG KONG (Reuters) - U.S. banks Goldman Sachs JPMorgan and Morgan Stanley will delist 500 Hong Kong-listed structured products, following a U.S. ban on investments in companies Washington deems linked to China’s military.
The products are linked to telecom companies China Mobile, China Telecom and China Unicom and local indexes including the benchmark Hang Seng Index, the three investment banks said in filings to the Stock Exchange of Hong Kong on Sunday evening.
The delistings follow statements last week by the U.S. Office of Foreign Assets Control (OFAC).....
By Alun John JANUARY 10, 2021 10:56PM UPDATED 3 HOURS AGO
https://www.reuters.com/article/us-...ong-kong-products-after-u-s-ban-idUSKBN29F0EY
HONG KONG (Reuters) - U.S. banks Goldman Sachs JPMorgan and Morgan Stanley will delist 500 Hong Kong-listed structured products, following a U.S. ban on investments in companies Washington deems linked to China’s military.
The products are linked to telecom companies China Mobile, China Telecom and China Unicom and local indexes including the benchmark Hang Seng Index, the three investment banks said in filings to the Stock Exchange of Hong Kong on Sunday evening.
The delistings follow statements last week by the U.S. Office of Foreign Assets Control (OFAC).....