A woman adjusts a Chinese flag near US flags.
Ng Han Guan | AFP | Getty Images
We’ll have to see if the Chinese government will retaliate against the US. But I think the actual things to be done won’t matter …
Ronald Wan
non-executive chairman at Partners Financial Holdings
When asked if more Chinese companies could be delisted, Brendan Ahern, chief investment officer of the investment firm KraneShares, said: “I don’t see any expansion of these three specific names just because it was really driven by this executive order.”
Speaking to CNBC’s Squawk Box Asia on Monday, he said the order could “reverse course” after President-elect Joe Biden was sworn in on Jan. 20.
He added that on the Chinese side, Beijing “wants the Biden government to really start the relationship over.”
Ronald Wan, non-executive chairman of Partners Financial Holdings, added that the measures Beijing is taking are unlikely to be “significant”.
“We’ll have to see if the Chinese government will retaliate against the US. But I think the actual actions won’t matter, which may restrict some type of US government-affiliated company, activity in China or Hong Kong. But I think the government is still welcoming US capital and funds to get into the Asian and Hong Kong markets, “he told CNBC’s Street Signs Asia on Monday.
Ahern said investors in the three US-listed stocks – China Telecom, China Mobile and China Unicom – will be able to convert them into their Hong Kong-listed stocks.
