MSCI set to remove 5 China firms
Print Edition
MSCI Inc said it will remove five Chinese companies from its flagship global equity index as of the end of today in the absence of an update on a Trump administration order banning Americans from investing in certain Chinese companies.
The five companies 鈥 CGN Power Co, China National Chem, China National Nuclear Power, China Shipbuilding Industry and Inspur International 鈥 will be removed from the MSCI ACWI Index, relevant non-market capitalization weighted indexes and custom indexes.
MSCI said on Monday it will delete the securities if there is no fresh guidance from the Office of Foreign Assets Control. OFAC is an agency within the US Treasury department.
President Joe Biden, who took office last Wednesday, is yet to spell out plans for Trump鈥檚 executive order forcing the divestment of the Chinese securities, but can easily revoke it.
Former President Trump had banned Americans from investing in Chinese companies that the Defense Department says have ties to the military.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
