US banks Goldman Sachs JPMorgan and Morgan Stanley will delist 500 Hong Kong-listed structured products, following a U.S. ban on investments in companies Washington deems linked to China's military.

The products are linked to telecom companies China Mobile, China Telecom and China Unicom and local indexes including the benchmark Hang Seng Index, the three investment banks said in filings to the Stock Exchange of Hong Kong on Sunday evening.

The filings said that the delisting is in line with last week's statement from the US Office of Foreign Assets Control clarifying a November order from President Donald Trump that banned Americans from investing in Chinese companies that the US considers having links with China's military.

Hong Kong Exchanges and Clearing said in a statement it was "working closely with the relevant issuers to ensure orderly delisting, and facilitate buyback arrangements being arranged by the issuers."

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