Hong Kong's original stock market tracker fund said on Wednesday it would continue investing in companies listed by Washington as having links to China's military, backtracking on a decision it made this week.
Outgoing US President Donald Trump issued an order in November banning Americans from investing in Chinese firms deemed to be supplying or supporting the country's military. TraHK was set up by Hong Kong's government following the 1998 Asian financial crash and is the city's biggest exchange-traded fund. It is run by the Asian arm of State Street Global Advisors, a massive US asset management firm.
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