NYSE Scraps Delisting of Chinese Telecom Companies, Waiting for Biden
Posted on 01/05/2021
The New York Stock Exchange (NYSE) ditched its decision to delist three Chinese telecoms companies, in which the exchange was being legally forced by an executive order (EO) signed by President Trump. On December 31, 2020, the NYSE said it would delist China Mobile, China Telecom Corp., Ltd. (China Telecom), and China United Network Communications Group Co., Ltd. (China Unicom) as a result of the EO. The Chinese government responded with its own blacklist of U.S. companies.
NYSE is talking to regulatory authorities, after planning to delist all three companies as early as this week.