NYSE withdraws plans to delist 3 Chinese phone carriers

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Tue, 2021-01-05 05:16

BEIJING: The New York Stock Exchange has withdrawn plans to remove shares of three Chinese state-owned phone carriers under an order by President Donald Trump that Beijing warned might lead to retaliation.
The exchange cited “further consultation” with regulators but its announcement late Monday gave no other details.
The NYSE said Thursday it would remove China Telecom Corp. Ltd., China Mobile Ltd. and China Unicom Hong Kong Ltd. under Trump’s November order barring Americans from investing in securities issued by companies deemed to be linked to the Chinese military.

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