A woman holds a Chinese flag next to US flags.
Ng Han Guan | AFP | Getty Images
We will have to see if the Chinese government retaliates against the US, but I think the things to be done will not be significant …
Ronald Wan
non-executive chairman of Partners Financial Holdings
Asked if even more Chinese companies could be deregistered, Brendan Ahern, investment director at investment firm KraneShares, said: “I don’t see this extending beyond these three specific names, simply because this it was really determined by this executive order “.
Speaking on CNBC’s “Squawk Box Asia” on Monday, he said the order could “reverse course” after President-elect Joe Biden was sworn in on January 20th.
He added that, on the Chinese side, Beijing “will want to give the Biden administration the opportunity to really start the relationship again.”
Ronald Wan, non-executive chairman of Partners Financial Holdings, added that any action taken by Beijing is unlikely to be “significant”.
“We will have to see if the Chinese government retaliates against the US, but I think the things to be done will not be significant, perhaps restricting some kind of US government-related entities, activities in China or Hong Kong. But in fact, I think the government is still welcoming U.S. capital and funds to enter the Asian and Hong Kong markets, “he told CNBC Street Signs Asia on Monday.
Ahern said investors in the three US-listed stocks – China Telecom, China Mobile and China Unicom – will be able to convert them into their Hong Kong-listed shares.