A lady adjusts a Chinese language flag close to U.S. flags.
Ng Han Guan | AFP | Getty Pictures
Requested if much more Chinese language firms is likely to be delisted, Brendan Ahern, chief funding officer of funding agency KraneShares, stated: “I do not see this being prolonged past these three particular names, just because this was actually pushed by this government order.”
Chatting with CNBC’s “Squawk Field Asia” on Monday, he stated the order might “reverse course” after President-elect Joe Biden is sworn in on Jan. 20.
He added that on the Chinese language facet, Beijing will “need to give the Biden administration a possibility to actually begin the connection anew.”
Ronald Wan, a non-executive chairman at Companions Monetary Holdings, added that any actions taken by Beijing doubtless will not be “important.”
“We might want to see if the Chinese language authorities will take retaliation in opposition to the U.S. However I feel the precise issues to be executed is not going to be important, possibly proscribing some form of U.S. government-related entities, actions in China or in Hong Kong. However truly, I feel the federal government nonetheless welcomes U.S. capital and funds to enter Asia and Hong Kong markets,” he advised CNBC’s “Avenue Indicators Asia” on Monday.
Ahern stated traders of the three U.S. listed shares — China Telecom, China Cellular and China Unicom —will have the ability to convert them to their Hong Kong-listed shares.