Banks delist structured products in Hong Kong due to US sanctions

According to reports, JP Morgan, Morgan Stanley and Goldman Sachs will delist approximately 500 structured products listed on the Hong Kong Stock Exchange to implement Executive Order 13959, which comes into effect today (11 January 2021). Hong Kong Exchange and Clearing explained that the decision was a “direct result” of US sanctions. On 6 January 2021, the New York Stock …

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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