Name: NYSE says it will no longer delist three Chinese telecom giants
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NYSE says it will no longer delist three Chinese telecom giants

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Key PointsIn this articleNYSE says it will no longer delist three Chinese telecom giantsThe New York Stock Exchange said it no longer plans to delist three Chinese telecommunications giants, reversing a decision announced four days earlier.The NYSE said late Monday it after "further consultation with relevant regulatory authorities in connection with Office of Foreign Assets Control."Hong Kong-listed shares of , and .On Thursday, the NYSE said it would move to in compliance with an The November order sought to bar American companies and individuals from investing in firms that the Trump administration alleged aid the Chinese military.Major stock index giants like MSCI, S&amp;P Dow Jones Indices and FTSE Russell as well as popular trading app Robinhood have also with the executive order.The China Securities Regulatory Commission said Monday the and "entirely ignored the actual situations of relevant companies and the legitimate rights of the global investors, and severely damaged market rule and order."Trump's investment ban is set to take effect next Monday, a little more than a week before President-elect Joe Biden is set to to be inaugurated.Biden is unlikely to make any immediate changes to the U.S.-China relationship but has repeatedly said he would prefer to for global trade.Still, that approach would stand in contrast to that of the Trump administration, which often pursued aggressive, unilateral actions to challenge China on economic and national security issues.— CNBC's Evelyn Cheng contributed to this report.Subscribe to for exclusive insights and analysis, and live business day programming from around the world.

Key PointsIn this articleNYSE says it will no longer delist three Chinese telecom giantsThe New York Stock Exchange said it no longer plans to delist three Chinese telecommunications giants, reversing a decision announced four days earlier.The NYSE said late Monday it after "further consultation with relevant regulatory authorities in connection with Office of Foreign Assets Control."Hong Kong-listed shares of , and .On Thursday, the NYSE said it would move to in compliance with an The November order sought to bar American companies and individuals from investing in firms that the Trump...

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NYSE says it will no longer delist three Chinese telecom giants

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