FTSE Russell to drop eight Chinese companies after U.S. blacklisting

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Index provider FTSE Russell said on Friday it will delete shares of Hikvision and seven other Chinese companies from certain products after a U.S. order restricting the purchase of shares in those firms.

FILE PHOTO: A street cleaning operative walks past the London Stock Exchange Group building in the City of London financial district in London, Britain, March 9, 2020. REUTERS/Toby Melville

The move shows how a recent bid by the White House to give teeth to a blacklist of Chinese companies allegedly backed by the Chinese military could crimp U.S. investments in the country, often held in passive products built on broad indexes. Rival index provider MSCI Inc had previously said its products would “reflect any necessary changes” depending on U.S. law. A spokeswoman did not immediately respond to questions on Friday.

 

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Why put the title like that? No one should work with China

shiroihamusan Sell all your China stocks. Don't risk your money there.

These Chinese companies with only fake data should have never appear in the stock market, cheating investors systematically

bluecparentson9 This is such good news!

drop this

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