S&P Dow Jones Indices LLC said it will remove a number of Chinese companies from its indexes in light of a U.S. order banning investments in any entity deemed as having military ties.

The order, which takes effect Jan. 11, 2021, "may impact the ability of market participants to replicate S&P DJI Equity and Fixed Income Indices containing securities affected by the order," S&P Dow Jones Indices said.

Hangzhou Hikvision Digital Technology Co. Ltd., Semiconductor Manufacturing International Corp. and eight other companies will be removed from equity indexes prior to the market open on Dec. 21.

S&P Dow Jones Indices will also exclude several Chinese securities from its fixed-income indexes before markets open on Jan. 1, 2021.

Index provider FTSE Russell said Dec. 4 that it will remove eight Chinese companies from some of its indexes following the U.S. order.

S&P Dow Jones Indices and S&P Global Market Intelligence are owned by S&P Global Inc.