Hong Kong stock market tracker fund makes U-turn on China investments

Hong Kong stock market tracker fund makes U-turn on China investments 14 Jan 2021 / 00:25 H. HONG KONG: Hong Kong’s original stock market tracker fund said on Wednesday it would continue investing in companies listed by Washington as having links to China’s military, backtracking on a decision it made this week. The announcement highlights how tension between the world’s two biggest economies is causing headache for international firms in Hong Kong, which has long served as China’s gateway to global markets. Outgoing US President Donald Trump issued an order in November banning Americans from investing in Chinese firms deemed…