WORLD

NYSE’s flip-flop on delisting Chinese cos

New York Stock Exchange (NYSE) recently said that it would delist three Chinese telecom companies – China Mobile, China Telecom Corp and China Unicom Hong Kong – doing a U-turn on the matter within days. The stock exchange had originally announced plans to delist the three Chinese companies in accordance with the former Trump administration’s order, barring Chinese companies with deemed military ties from US’ bourses. But the US Treasury later decided to keep the companies listed, leading to NYSE reversing its decision of delisting the companies. NYSE’s flip-flop marks the tiff between the former State Department, which wanted tough action of the Chinese companies, and the former US Treasury, which was against the decision to delist.


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