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Original Caption: Nasdaq Index Will Eliminate Four Chinese Companies, Foreign Ministry: Does Not Prevent International Investors From Sharing China’s Development Dividends
The Nasdaq exchange said on the 12th it would put fourChinese architectureThe removal of stocks of manufacturing companies from the index it maintains is a response to the Trump administration’s order to restrict the purchase of shares of these companies.
These non-Nasdaq securities will be delisted from the Nasdaq index on December 21. Nasdaq said in a statement that the four companies are China Communications Construction Co., Ltd.,China Railway ConstructionCompany Limited by Shares,CRRCCorporation andSMICCompany Limited by Shares.
The US government stated that these companies are connected to the Chinese military. US President Trump issued an executive order in November and, starting in November 2021, US investors will be barred from buying shares in companies on the White House “blacklist.”
In response to this move, Chinese Foreign Ministry spokesman Wang Wenbin responded at a regular press conference on the 14th. Wang Wenbin said that the degree of openness of China’s capital market is increasing and that it is increasingly increasingly convenient for international investors to allocate shares of Chinese companies. Individual companies are not included in some international indices. This does not prevent international investors from investing in these companies in other ways. China’s development dividend.
Wang Wenbin emphasized that China is firmly opposed to the unprovoked removal of Chinese companies by the US government.The relevant actions seriously violate the principles of the market economy and international economic and trade rules than the US. It has always advertised. They will definitely harm the interests of investors in various countries, as well as the national interests of the US and its own image. China urges the United States government to stop politicizing economic and trade problems, stop the misuse of national power, generalize the concepts of national security and repress foreign companies. The Chinese government will continue to firmly safeguard the legitimate rights and interests of Chinese companies.
Earlier, China’s Foreign Ministry spokesman Hua Chunying also said, “The United States must stop abusing national power and national security concepts to repress foreign companies.”
Nasdaq is not the only company doing this. A spokesman for MSCI, a US index compilation company, said by email on the 12th that the company has communicated with clients about possible changes and will report “any necessary changes” soon.
On December 4, the FTSE Russell Index (FTSE Russell) stated that, in light of the US government actions, it would remove the shares of eight Chinese companies from the corresponding index.
The Dow Jones index said on December 10 that before the opening on December 21, including HangzhouHikvisionThe A shares, H shares and US Depository Receipts (ADRs) of 10 companies, including Digital Technology Co., Ltd., will be removed from all Dow-related stock indices.
(Author: Poetry Editor Shi: And good)
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