A woman adjusts a Chinese flag close to flags of the USA.
Ng Han Guan | AFP | Getty Images
We need to see if the Chinese government will retaliate against the United States. But I think the real things to be done will not be meaningful …
Ronald Wan
non-executive president of Partners Financial Holdings
Asked whether even more Chinese companies could be removed from the list, Brendan Ahern, chief investment officer at investment firm KraneShares, said: “I don’t see this being extended beyond those three specific names, simply because it was really driven by this executive order.”
Speaking to CNBC’s “Squawk Box Asia” on Monday, he said the order could “reverse the course” after President-elect Joe Biden took office on January 20.
He added that on the Chinese side, Beijing “will want to give the Biden government an opportunity to really restart the relationship”.
Ronald Wan, non-executive chairman of Partners Financial Holdings, added that any actions taken by Beijing are unlikely to be “significant”.
“We need to see if the Chinese government will retaliate against the US. But I think that the real things to be done will not be significant, perhaps restricting some kind of entity related to the US government, activities in China or Hong Kong. the government still welcomes US capital and funds to enter the Asian and Hong Kong markets, “he told CNBC’s” Street Signs Asia “on Monday.
Ahern said investors in the three US listed shares – China Telecom, China Mobile and China Unicom – could convert them into their Hong Kong-listed shares.