NYSE starts process of delisting three Chinese telco companies

January 1, 2021

Less than a minute

FILE - In this Monday, Sept. 21, 2020, file photo, a giant American Flag hangs on the New York Stock Exchange. U.S. stocks are climbing Monday, Nov. 2, 2020, kicking off a potentially turbulent stretch for markets, as Wall Street recovers some of its sharp sell-off from last week. (AP Photo/Mary Altaffer, File)

Shahennews

The New York Stock Exchange (NYSE) is starting the process of delisting securities of three Chinese telecom companies, after U.S. President Donald Trump last month barred U.S. investments in Chinese firms Washington says are owned or controlled by the military.

It’s “a modest step, but at least an awakening to national security and human rights-related risk”, said Roger Robinson, a former White House official who supports curbing Chinese access to U.S. investors.

//Petra//

January 1, 2021

Less than a minute