Goldman, JPMorgan to Delist Some Products in Hong Kong
- Moves affect Hang Seng Index products, China Mobile warrants
- Hong Kong tracker fund stops new investments in banned stocks
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The fallout from U.S. sanctions on Chinese military-linked companies widened as banks and money managers raced to comply with a vaguely worded executive order from Donald Trump that bans new investments starting Monday.
Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co. will delist 500 structured products in Hong Kong, filings show. The city is the world’s largest market for such contracts with more than 12,000 of them, according to Hong Kong Exchanges and Clearing Ltd.