(Reuters) Index publisher FTSE Russell targets another 20 Chinese companies for removal from its indexes.
The removal of Chinese firms by FTSE Russell follows user feedback relating to an updated executive order by Washington barring US investments in China’s entities with links to the military.
FTSE Russell expects to delete the Chinese companies from its indexes on July 28.
The targeted companies include those in the aerospace industry such as Avic Aircraft, Aerospace CH UAV, Avic Aviation High-Technology, as well as Avic Heavy Machinery.
The stocks will be deleted from FTSE GEIS, FTSE Global China A Inclusion indices and the related indices.
The move by FTSE Russell follows previous removals of SMIC and Hikvision Digital Technology Co.
CSI 300 is down -1.02%, USDCNY is up +0.19%.
