China's major telcos in Hong Kong take a beating ahead of Trump's investment ban

  • 📰 CNBC
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 72%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

Stock index giants MSCI and FTSE Russell said they would remove three Chinese telecommunications giants' Hong Kong-traded shares from widely followed indexes.

MSCI and FTSE Russell's deletions carry more significance for the Chinese telecom companies, since the three stocks rank among the 100 largest listed in Hong Kong by market capitalization, according to Wind Information data. The Hong Kong shares are also far more actively traded than those listed in the U.S.Global investors have grown increasingly interested in China, which economists expect will become the world's largest economy in the next several years.

The dual-Hong Kong and New York listing in 1997 of what's now called China Mobile was the first massive privatization of a company sponsored by the central governmentThe IPO also marked the first time a major Chinese state-owned company listed some of its shares on the New York Stock Exchange, Goldman added.mainland-traded A-shares to its emerging markets indexBut the trend of greater integration between the two countries has since reversed. Tensions between the U.S.

It is unclear what President-elect Joe Biden's policy will be on financial ties between the U.S. and China. Analysts expect his administration to focus on gathering traditional U.S. allies to exert pressure on Beijing regarding longstanding complaints about China's unfair business practices.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

There’s investment options in Philippines if only I wasn’t CONTROLLED by American slave buyers

could Mr.Trump have a better life without China?🤔

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines