Alun John, Andrew Galbraith
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Wall Street firms reduce exposure to Chinese telcos as U.S. ban approaches

Wall Street firms reduce exposure to Chinese telcos as U.S. ban approaches

By , HONG KONG/ SHANGHAI (Reuters) - Wall Street firms in Hong Kong including Goldman Sachs and JPMorgan on Monday moved to reduce exposure to Chinese telecom companies named in a U.S. ban on investments in companies Washington considers linked to China’s military.Goldman Sachs, JPMorgan and Morgan Stanley said in filings to the Stock Exchange of Hong Kong that they were beginning steps to terminate 500 Hong Kong-listed structured products they issued to investors with links to values of telecom companies China Mobile, China Telecom and China Unicom or local indexes including the Hang Seng...

January 10, 2021
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