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Goldman, JPMorgan, M. Stanley to delist 500 HK-listed merchandise after US ban

Goldman, JPMorgan, M. Stanley to delist 500 HK-listed merchandise after US ban

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U.S. banks Goldman Sachs JPMorgan and Morgan Stanley will delist 500 Hong Kong-listed structured merchandise, following a U.S. ban on investments in companies Washington deems linked to China’s military. The merchandise are linked to telecom companies China Mobile, China Telecom and China Unicom and native indexes along with the benchmark Hang Seng Index, the three funding banks said in filings to the Stock Alternate of Hong Kong on Sunday evening. The delistings follow statements final week by the U.S. Way of industrial of International Sources Withhold a watch on (OFAC) clarifying a November direct from President Donald Trump that banned People from investing in Chinese language companies that the U.S. considers to secure links with China’s military, the filings said. OFAC steerage cit...