More Chinese firms face being removed from global indices
FTSE Russell to evaluate additional exclusions after US bolsters executive order
30 December 2020 - 12:14
Shanghai — Global index publisher FTSE Russell says it may delete more Chinese companies from its global benchmarks, after the Trump administration on Monday strengthened an executive order barring US investment in firms with alleged Chinese military backing.
The executive order, signed by President Donald Trump on November 12, triggered a rush by FTSE Russell, MSCI and S&P Dow Jones Indices to remove US-blacklisted Chinese companies from their indices to keep their clients compliant, but the scope of the sanctions was seen as vague...
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