NYSE Backtracks On Chinese Telco Delistings As Market Eyes Oil Majors

NYSE Backtracks On Chinese Telco Delistings As Market Eyes Oil Majors

Late last week, the NYSE said it would delist China Mobile, China Unicom, and China Telecom, consistent with Donald Trump's November executive order banning US investments in a list of Chinese companies owned or operated by the PLA. On Monday evening, in an abrupt about-face, the exchange changed its mind. The three companies will not be delisted after all. The NYSE cited "consultation with relevant regulatory authorities." NYSE Regulation will "continue to evaluate the applicability of [th
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