by winston » Mon Nov 16, 2020 7:20 pm
UBS: 15 HK Stocks May Impacted by US Ban; China Mobile, China Overseas with Highest US Net Position Exposure
UBS mentioned in its report that U.S. President Donald Trump had signed an executive order barring U.S. individuals from investing in 31 Chinese companies.
Roughly 140 listcos in China and Hong Kong associated with the 31 companies were evaluated.
The broker cited U.S. fund filings posted by Thomson Reuters that the list can be narrowed to 15 in Hong Kong when it comes to those with net U.S.-held positions greater than US$30 million, including:-
1. CHINA MOBILE (00941.HK)
2. CHINA OVERSEAS (00688.HK)
3. CHINA TOWER (00788.HK)
4. CHINA TELECOM (00728.HK)
5. CHINA UNICOM (00762.HK)
6. CHINA JINMAO (00817.HK)
7. CRRC (01766.HK)
8. CHINACOMSERVICE (00552.HK)
9. CHINA RAIL CONS (01186.HK)
10. CHINA COMM CONS (01800.HK)
11. FE HORIZON (03360.HK)
12. CHINA STATE CON (03311.HK)
13. CH OVS G OCEANS (00081.HK)
14. AVICHINA (02357.HK) and
15. CHINA OVS PPT (02669.HK)
C Suisse: US Shr Holding Withdrawal from CHINA MOBILE Represents 4.5% of Total, Fundamentals Unaffected
In terms of U.S.-held net positions, CHINA MOBILE ranked the first, followed by CHINA OVERSEAS.
Source: AAStocks Financial News
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