WSJ: NYSE Scraps Plans to Delist Chinese Telecom Stocks
Tue January, 2021, Age: 3 years
The New York Stock Exchange announced Monday night that it had reversed its New Year’s Day decision to delist China’s three largest telecommunications companies from the exchange. The original plan to delist the companies came in the wake of the U.S. government’s November decision to add certain Chinese companies either directly or tangentially involved in the supply or support of China’s military, intelligence and security services to the Entity List, which prevents Americans from investing in certain companies. The future of the companies on the NYSE is still uncertain, and the NYSE has said that it would continue to work with U.S. regulators about how to deal with companies included in the Entity List.