A female changes a Chinese flag near U.S. flags.
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We will require to see if the Chinese federal government will take retaliation versus the U.S. But I believe the real things to be done will not be considerable…
Ronald Wan
non-executive chairman at Partners Financial Holdings
Asked if a lot more Chinese business may be delisted, Brendan Ahern, primary financial investment officer of financial investment company KraneShares, stated: “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 stated the order might “reverse course” after President-choose Joe Biden is sworn in on Jan. 20.
He included 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, included that any actions taken by Beijing most likely will not 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 informed CNBC’s “Street Signs Asia” on Monday.
Ahern stated financiers of the 3 U.S. listed stocks — China Telecom, China Mobile and China Unicom —will have the ability to transform them to their Hong Kong-noted shares.
