U.S. investment banks Goldman Sachs, JPMorgan Chase and Morgan Stanley announced on Monday that a total of 73 warrants or CBBCs will be terminated early on the 2nd or 5th of next month in response to recent legal changes in the United States, involving SMIC (00981) and CNOOC (00883), as well as warrants included in SMIC’s Hang Seng Technology Index.
SMIC and CNOOC were “double sanctioned” by the U.S. for military reasons, i.e., they were both blacklisted and included in the list of Chinese stocks and entities.
In fact, the above three U.S. investment banks have announced on Sunday night for the same reason, the early termination of a total of 484 derivatives trading, mainly involving China Mobile (00941) and China Unicom (00762), the inclusion of the two enterprises of the Hang Seng Index and the National Enterprise Index of the relevant nest wheel and CBBCs, and the vast majority of them are HSI or national index derivatives, the situation is rare.
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