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NYSE suddenly reverses plans to delist three Chinese telcos

Bloomberg
Bloomberg1/6/2021 10:17 AM GMT+08  • 6 min read
NYSE suddenly reverses plans to delist three Chinese telcos
“To implement the decision, and then four days later to backtrack -- that’s just odd.” - Travis Lundy, investment researcher.
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The New York Stock Exchange has abruptly reversed plans to delist three major Chinese telecommunications companies after consulting regulators about an investment ban ordered by President Donald Trump.

Coming days before the companies were to be delisted -- and just over two weeks before Trump is to leave the White House -- the U-turn avoids a step that threatened to heighten US-China tensions further.

The Big Board gave no reason for its decision in a statement released during Asian hours, saying only that it had consulted “relevant regulatory authorities” about Trump’s executive order, signed in November as part of his administration’s push to check China’s growing economic power.

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