Politics China Opposes ‘Political’ NYSE Delistings of Major Telecom Firms, Says Impact ‘Limited’


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Kindly support us by donating Bitcoin to - 1KmG3gbJ6WSzRrzeXxkaMjnPPc8QzD9yCS Politics The three Chinese telecom companies have separate listings in Hong Kong and generate the entirety of their revenue in China. China’s securities regulator on Sunday said the delisting of three Chinese telecom companies by the New York Stock Exchange is “politically motivated” and “severely undermines normal market rules and order.” The NYSE on Thursday said it would delist China Mobile Ltd, China Unicom Hong Kong Ltd and China Telecom Corp Ltd to comply with an executive order signed by US President Donald Trump in November that bars American investment in...