Chinese Commission Not Concerned About NYSE Delisting Chinese Telecoms
The New York Stock Exchange has started proceedings to delist shares of China Telecom, China Mobile and China Unicom. The three are no longer suitable for listing because of an order by President Donald Trump, which prohibits any transactions in…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
securities "designed to provide investment exposure to such securities, of any Communist Chinese military company, by any United States person,” said an NYSE statement The delisting will have limited effect, said a China Securities Regulatory Commission spokesperson Sunday: “The size of their [American depositary receipt] listings remains small, less than 2.2% in their respective total equity shares.”