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    New York Stock Exchange again says it will delist 3 Chinese telecoms

    The New York Stock Exchange again reversed course Wednesday and announced it would delist three major Chinese telecom companies — China Mobile, China Telecom, China Unicom Hong Kong. The backdrop: The NYSE originally announced it would delist the companies on New Year’s Eve in order to comply with a White House executive order. The exchange then reversed course late on Monday and said it would no longer delist the telecoms. Why it matters: The delisting complies with a November executive order that restricts American companies and individuals from owning shares in 31 Chinese companies with links to the People’s Liberation Army, as part of an eleventh-hour effort from the Trump administration…

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    NYSE withdraws plans to delist 3 Chinese phone carriers

    NEW YORK (AP) — The New York Stock Exchange says it is withdrawing plans to remove shares of three Chinese state-owned phone carriers under an order by President Donald Trump. The exchange cited “further consultation” with U.S. regulators but gave no other details of its decision in a notice issued late Monday. The NYSE earlier announced plans to remove China Telecom Corp. Ltd., China Mobile Ltd. and China Unicom Hong Kong Ltd. after Trump’s order in November barring Americans from investing in securities issued by companies deemed to be linked to the Chinese military. Hong Kong-traded shares in the three companies surged Tuesday. China Telecom rose 5.7{c25493dcd731343503a084f08c3848bd69f9f2f05db01633325a3fd40d9cc7a1}, China Mobile jumped…

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    New York Stock Exchange to delist three Chinese companies on U.S. executive order

    The New York Stock Exchange announced late on Thursday that it will delist three Chinese companies to comply with an executive order that imposed restrictions on firms the U.S. identified as being affiliated with the Chinese military. Why it matters: The announcement, coming late on New Year’s Eve when many aren’t paying attention, is the latest escalation in tensions between the U.S. and China. Details: The companies — China Mobile Ltd., China Telecom Corp Ltd., China Unicom Hong Kong Ltd. — will be suspended from trading between Jan. 7 and Jan. 11, and proceedings to delist them have started, the exchange said in a statement. The companies have separate listings…

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    New York Stock Exchange to Delist China Mobile, Among Others

    The New York Stock Exchange said it would delist China’s three big state-run telecommunications companies following an executive order from the Trump administration, in a symbolic severing of longstanding ties between the Chinese business world and Wall Street. The exchange said in a statement late Thursday that it would halt trading in shares of China Mobile, China Unicom and China Telecom by Jan. 11. It cited an executive order issued in November by the Trump administration that barred Americans from investing in companies with ties to the Chinese military. The United States Department of Defense had previously listed the three companies as having significant connections to Chinese military and security…

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