A U.S. Adjusts the Chinese flag near the flag.
Ng Han Guan | AFP | Getty Images
We need to see if the Chinese government will retaliate against the US but I don’t think the real thing is going to be significant …
Ronald Van
Non-Executive Chairman of Partners Financial Holdings
Asked if more Chinese companies could be named, Brendan Asher, chief investment officer at the investment firm Craneshers, said: . “
Speaking to CNBC’s “Squawk AsiaX” on Monday, he said the order could “reverse course” after President-elect Joe Biden was sworn in on January 20.
He added that on the Chinese side, Beijing “would like to give the Biden administration a chance to really start a new relationship.”
Ronald Wan, non-executive chairman of Partners Financial Holdings, added that any action taken by Beijing would probably not be “significant”.
“We will need to see if the Chinese government will retaliate against the US but I don’t think the real thing that will happen will be significant, maybe any kind of companies related to the US government will ban activities in China or Hong Kong.” Indeed, I think the government still welcomes funding to move to U.S. capital and markets in Asia and Hong Kong, “he told CNBC’s” Street Signs Asia “on Monday.
Asher said investors in China Telecom, China Mobile and China Unicom – US listed three stocks – would be able to convert them into their Hong Kong listed stocks.
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