NYSE Backs Down From Delisting Chinese Companies Following CCP Threats
Posted on AllSides January 5th, 2021
From The Right
The New York Stock Exchange reversed its decision to delist three Chinese tech companies with ties to the Chinese military on Monday night.
The exchange announced on Dec. 31 that it would remove China Telecom, China Mobile, and China Unicom to comply with President Donald Trump's executive order, which banned all investments in Chinese companies that have ties to the Chinese military. The exchange now says it "no longer intends to move forward with the delisting action" after discussions with regulatory authorities.
"At this time, the Issuers will continue to...
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