A woman adjusts a Chinese flag near U.S. flags.
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We will need to see if the Chinese government will take retaliation against the U.S. But I think the actual things to be done will not be significant…
Ronald Wan
non-executive chairman at Partners Financial Holdings
Asked if even more Chinese companies might be delisted, Brendan Ahern, chief investment officer of investment firm KraneShares, said: “I don’t see this being extended beyond these three specific names, simply because this was really driven by this executive order.”
Speaking to CNBC’s “Squawk Box Asia” on Monday, he said the order could “reverse course” after President-elect Joe Biden is sworn in on Jan. 20.
He added that on the Chinese side, Beijing will “want to give the Biden administration an opportunity to really start the relationship anew.”
Ronald Wan, a non-executive chairman at Partners Financial Holdings, added that any actions taken by Beijing likely won’t be “significant.”
“We will need to see if the Chinese government will take retaliation against the U.S. But I think the actual things to be done will not be significant, maybe restricting some sort of U.S. government-related entities, activities in China or in Hong Kong. But actually, I think the government still welcomes U.S. capital and funds to go into Asia and Hong Kong markets,” he told CNBC’s “Street Signs Asia” on Monday.
Ahern said investors of the three U.S. listed stocks — China Telecom, China Mobile and China Unicom —will be able to convert them to their Hong Kong-listed shares.
Source: CNBC