Wall Street Investment Banks to Comply With Trump Order to Delist Products in Hong Kong

Wall Street Investment Banks to Comply With Trump Order to Delist Products in Hong Kong
Electronic boards display various stock prices at Exchange Square in Hong Kong on March 9, 2020. ISAAC LAWRENCE/AFP via Getty Images
Frank Fang
Frank Fang
journalist
|Updated:

Three major U.S. investment banks will delist a total of about 500 Hong Kong-listed structured products, according to corporate filings from Hong Kong stock exchanges on Sunday.

Goldman Sachs, JPMorgan, and Morgan Stanley stated that the delisting was in compliance with President Donald Trump’s executive order (E.O.) 13959.

Frank Fang
Frank Fang
journalist
Frank Fang is a Taiwan-based journalist. He covers U.S., China, and Taiwan news. He holds a master's degree in materials science from Tsinghua University in Taiwan.
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