SHANGHAI, July 8 — The S&P Dow Jones Indices and FTSE Russell on late yesterday decided to remove more Chinese companies from their indices after an updated US executive order barred domestic investment in firms with alleged ties to China’s military.
China, however, has cracked down in the past week on several firms looking to list in the United States with cybersecurity investigations. Stocks to be removed from the FTSE Russell and the S&P Dow Jones Indices include aerospace-related companies such as Aerospace CH UAV, Avic Aviation High-Technology and Avic Heavy Machinery.