BlackRock sells $200 million China Telecom stake after U.S. ban

HONG KONG (Reuters) – Jan. 15, 2021

BlackRock has sold almost all its stake in China Telecom, a company subject to a new ban on U.S. investment, a stock market filing on Friday showed.

The move comes as U.S. investors scramble to exit stocks subject to the sanctions, which ban Americans from owning companies deemed to have links with China’s military.

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