NYSE to delist three Chinese telecom firms, citing ‘military links’


Source: execreview.com execreview.com

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Tweet The order is considered to be a fresh attempt by the Trump administration to put pressure on China over what it views as Beijing’s unfair trade practices. Photograph: Seth Wenig/AP The New York Stock Exchange (NYSE) has said it will delist three Chinese telecommunications firms because of their alleged links to the Chinese military. China Telecom, China Mobile and China Unicom Hong Kong will be suspended from trading in early January, while delisting proceedings are initiated, according to a statement released by the stock exchange . The NYSE said that it had decided that the companies were “no longer...