A woman matches a Chinese flag with American flags.
Ng Han Guan | AFP | Getty Images
When asked if any more Chinese companies could be scrapped, Brendan Ahern, chief investment officer of investment firm KraneShares, said: “I don’t see this going beyond these three specific names simply because it was really driven by this executive order. “
Speaking to The Washington City Times’s “Squawk Box Asia” on Monday, he said the warrant “could change course” after President-elect Joe Biden was sworn in on Jan. 20.
He added that on the Chinese side, Beijing “wants to give the Biden government a chance to really restart the relationship.”
Ronald Wan, a non-executive chairman at Partners Financial Holdings, added that measures taken by Beijing are unlikely to be “significant.”
“We will have to see if the Chinese government will retaliate against the US. But I think the actual things that need to be done are not going to be significant, perhaps by some sort of US government related entities, activities in China or Hong Kong. But actually I think the government still welcomes US capital and funds to move into the Asia and Hong Kong markets, ”he told The Washington City Times’s“ Street Signs Asia ”Monday.
Ahern said investors of the three US listed stocks – China Telecom, China Mobile and China Unicom – will be able to convert them into their Hong Kong-listed stocks.