A total of 500 products will be affected.
Goldman Sachs, Morgan Stanley and JPMorgan will delist some Hong Kong-listed structured products due to US sanctions, reports Bloomberg, with a total of 500 products being affected.
The planned delisting of the products won't hurt the market and there will be sufficient investment choices to meet demand, Hong Kong Exchanges and Clearing said in a statement.
"HKEX is working closely with the relevant issuers to ensure orderly delisting, and facilitate buyback arrangements being arranged by the issuers."
Moreover, HKEX noted it remains competitive, citing its pipeline for initial stock offerings, and that it will continue to monitor these developments.
Here’s more from Bloomberg.
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