Saturday January 2, 2021
The New York Stock Exchange (NYSE) announced on Thursday that it will delist three Chinese firms to comply with an executive order issued by President Trump in November. The order banned US investment in Chinese companies that the US government claims are connected to China’s military.
According to a statement released by the NYSE, China Mobile Ltd., China Telecom Corp Ltd., China Unicom Hong Kong Ltd., will be suspended from trading between January 7th and 11th, and proceedings to fully delist the firms have begun. President Trump’s order becomes effective on the 11th.