China News Service, January 5th. According to US Consumer News and Business Channel (CNBC), Bloomberg and other reports on the 4th, the New York Stock Exchange (NYSE) issued a statement stating that the NYSE will no longer seek to operate three telecom companies in China. The business is delisting.
According to reports, the New York Stock Exchange in the United States said in a statement that after "further consultations" with regulatory agencies related to the Office of Foreign Assets Control of the U.S. Department of the Treasury, it abandoned plans to seek to delist three Chinese telecom operators. .
Image source: Screenshot of CNBC report.
On December 31, 2020, the New York Stock Exchange issued a statement stating that compliance with the Trump administration’s executive order prohibiting Americans from investing in “Chinese companies with military backgrounds” will impose damages on China Unicom (Hong Kong) and China Mobile. Delisting with three Chinese companies including China Telecom.
In response, a spokesperson for the Ministry of Commerce of China stated that the US's abuse of national security and the use of national power to suppress Chinese companies does not conform to market rules and violate market logic.
The US approach not only harms the legitimate rights and interests of Chinese companies, but also harms the interests of investors in various countries, including the US, and will severely weaken the confidence of all parties in the US capital market.
He stated that China opposes the US's abuse of national security to include Chinese companies on the list of so-called "Communist Chinese Army Companies" and will take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese companies.