China News Service, Beijing, January 21st (Li Jingze) When Biden took office, three Chinese telecommunications companies submitted reconsideration requests to the New York Stock Exchange, reconsidering the earlier decision of the NYSE to cancel the listing of related companies through American depositary shares .
In response, Chinese Foreign Ministry spokesperson Hua Chunying stated at a regular press conference on the 21st that China supports the three companies in safeguarding their rights and interests in accordance with the law.
Hua Chunying said that the relevant Chinese regulatory authorities have previously responded to the NYSE delisting decision. Three Chinese companies have issued American depositary shares and listed on the NYSE for nearly or more than 20 years.
They have been abiding by the rules and regulatory requirements of the U.S. securities market and are generally recognized by investors worldwide.
Hua Chunying pointed out that the New York Stock Exchange initiated the delisting procedure of three Chinese companies because of the Trump administration's executive order against the so-called Chinese military-related enterprises.
The US implemented administrative orders for political purposes, completely ignoring the actual conditions of relevant companies and the legitimate rights and interests of global investors, and severely undermined normal market rules and order.
China supports the three companies in safeguarding their rights and interests in accordance with the law.
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