A woman sets a Chinese flag near US flags.
Ng Han Guan | AFP | Getty Images
We will have to see if the Chinese government will retaliate against the US, but I think the real things to do will not be significant …
Ronald Wan
non-executive chairman of Partners Financial Holdings
Asked if even more Chinese companies could be withdrawn, Brendan Ahern, investment director at investment firm KraneShares, said: “I don’t see this extending beyond those three specific names, simply because that 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 promised his office on Jan. 20.
He added that for the Chinese side, Beijing “will want to give the Biden administration a chance to really start the relationship again.”
Ronald Wan, non-executive chairman of Partners Financial Holdings, added that Beijing’s actions are unlikely to be “significant”.
“We’ll have to see if the Chinese government retaliates against the United States, but I think the things that need to be done really won’t be significant, perhaps restricting some kind of U.S. government-related entities, activities in China or But in fact, I think the government continues to welcome U.S. capital and funds to target the Asian and Hong Kong markets, “he told CNBC’s” Street Signs Asia “on Monday.
Ahern said investors in the three shares listed in the United States (China Telecom, China Mobile and China Unicom) will be able to convert them into its shares listed in Hong Kong.