Goldman, Morgan Stanley, JPMorgan to delist 500 Hong Kong products

Goldman Sachs, Morgan Stanley and JPMorgan models will delist a complete of 500 Hong Kong-listed structured products, Hong Kong inventory alternate filings on Sunday confirmed.

The delistings are due to statements final week by the US Office of Foreign Assets Control clarifying a November order from President Donald Trump which banned Americans from investing in Chinese corporations that the US deems to have hyperlinks with China’s navy, the filings stated.

Bourse operator Hong Kong Exchanges and Clearing stated in an announcement it was “working carefully with the related issuers to guarantee orderly delisting, and facilitate buyback preparations being organized by the issuers.”