NYSE reverses decision on Chinese trio

5 Jan 2021

The New York Stock Exchange (NYSE) has reversed its decision to delist three Chinese telcos – China Mobile, China Telecom and China Unicom – less than a week after announcing the plans, Reuters reports. The NYSE stated that it had performed the volte face following ‘further consultation with relevant regulatory authorities’ but offered no further explanation. As previously reported by TeleGeography’s CommsUpdate, the trio were to be delisted following an order from the US government in November last year which takes effect on 11 January and places restrictions on American investments in entities deemed by Washington to be owned or controlled by the Chinese military.

China, United States, China Mobile, China Telecom Corporation, China Unicom