A woman hoists a Chinese flag near American 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 real things that need to be done will not be significant …
Ronald Wan
non-executive chairman of Partners Financial Holdings
Asked whether more Chinese companies could be removed, Brendan Ahern, chief investment officer of investment firm KraneShares, said: ‘I do not see it going beyond these three specific names simply because it was really driven by this executive order. ‘
He spoke on CNBC’s “Squawk Box Asia” on Monday, saying the order could be “reversed” after President-elect Joe Biden was sworn in on January 20.
He added that Beijing, on the Chinese side, “would like to give the Biden government an opportunity to restart relations.”
Ronald Wan, a non-executive chairman of Partners Financial Holdings, added that any action that Beijing is likely to take will not be ‘significant’.
“We’ll have to see if the Chinese government takes retaliation against the US. But I think the real things that need to be done will not be meaningful, and maybe restrict some kind of US government – related entities, activities in China or in Hong Kong. in fact, I think the government is still welcoming US capital and funds to go to Asia and Hong Kong, “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 – would be able to convert to their Hong Kong-listed shares.