BlackRock and Goldman rush to comply with Trump blacklist in Hong Kong

Holdings in Chinese securities reviewed by US investment banks and funds

20210111NY BlackRock at the NYSE

BlackRock 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. © Reuters

TAKESHI KIHARA, Nikkei staff writer

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.

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