WORLD NYSE to delist three Chinese telcos

WORLD

NYSE to delist three Chinese telcos

People's Daily app

22:47, January 06, 2021

The New York Stock Exchange (NYSE) will continue to delist China Mobile, China Unicom (Hong Kong) and China Telecom, US media reported on Wednesday.

A man walks by the New York Stock Exchange (NYSE) on November 4, 2020 in New York. (Photo: AFP)

The NYSE first announced it would delist the Chinese tech giants on New Year’s Eve, invoking an executive order signed in November 2020, but it reversed the decision four days later.

Chinese Foreign Ministry previously blamed the US government for abusing its state power to suppress Chinese firms, accusing it of serious violation of market competition principles and international trade rules.

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