Goldman, Morgan Stanley to delist some Hong Kong products after US investment ban
Bourse operator Hong Kong Exchanges and Clearing said in a statement it was “working closely with the relevant issuers to ensure orderly delisting, and facilitate buyback arrangements being arranged by the issuers"
A view of the Goldman Sachs stall on the floor of the New York Stock Exchange July 16, 2013. Reuters
Goldman Sachs, Morgan Stanley and JPMorgan units will delist a total of 500 Hong Kong-listed structured products, Hong Kong stock exchange filings on Sunday showed.
The delistings are because of statements last week by the US Office of Foreign Assets Control clarifying a November order from President Donald Trump which banned Americans from investing in Chinese companies that the US deems to have links with China's military, the filings said.
Bourse operator Hong Kong Exchanges and Clearing said in a statement it was "working closely with the relevant issuers to ensure orderly delisting, and facilitate buyback arrangements being arranged by the issuers."
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