HONG KONG -- From BlackRock to Goldman Sachs, U.S. financial institutions are revising their portfolios in Hong Kong as a ban on investments into military-linked Chinese companies took effect Monday.
BlackRock and State Street said they will reevaluate the exchange-traded funds that track the benchmark Hang Seng Index, which includes companies on the U.S. no-investment list such as China Mobile, China Unicom Hong Kong and CNOOC.
