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China response on delisting of Chinese corporations on New York Stock Exchange

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A lady adjusts a Chinese flag close to U.S. flags.

Ng Han Guan | AFP | Getty Images

We might want to see if the Chinese authorities will take retaliation towards the U.S. But I feel the precise issues to be carried out is not going to be vital…

Ronald Wan

non-executive chairman at Partners Financial Holdings

Asked if much more Chinese corporations is likely to be delisted, Brendan Ahern, chief funding officer of funding agency KraneShares, mentioned: “I don’t see this being extended beyond these three specific names, simply because this was really driven by this executive order.”

Speaking to CNBC’s “Squawk Box Asia” on Monday, he mentioned the order may “reverse course” after President-elect Joe Biden is sworn in on Jan. 20.

He added that on the Chinese aspect, Beijing will “want to give the Biden administration an opportunity to really start the relationship anew.”

Ronald Wan, a non-executive chairman at Partners Financial Holdings, added that any actions taken by Beijing probably will not be “significant.”

“We will need to see if the Chinese government will take retaliation against the U.S. But I think the actual things to be done will not be significant, maybe restricting some sort of U.S. government-related entities, activities in China or in Hong Kong. But actually, I think the government still welcomes U.S. capital and funds to go into Asia and Hong Kong markets,” he advised CNBC’s “Street Signs Asia” on Monday.

Ahern mentioned traders of the three U.S. listed shares — China Telecom, China Mobile and China Unicom —will have the ability to convert them to their Hong Kong-listed shares.


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