The New York Stock Exchange is reconsidering its plan to allow three Chinese telecom giants to remain listed, the latest twist to a saga amid confusion over rules set by the Trump administration and tension within Washington on China policy.
China s foreign ministry has lambasted what it called the U.S. s stretching of the concept of national security to suppress Chinese companies., , nyse, Chinese telecom, asset management, hong kong, Trump Administration
NYSE's U-turn on China telecom delistings may reverse again, amid confusion business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
NEW YORK/WASHINGTON/HONG KONG: The New York Stock Exchange is reconsidering its plan to allow three Chinese telecom giants to remain listed, the lates.
By Mei Xinyu | chinadaily.com.cn | Updated: 2021-01-06 17:37 Share CLOSE FILE PHOTO: The messenger app WeChat is seen among US and China flags in this illustration picture taken Aug. 7, 2020. [Photo/Agencies]
US outgoing President Donald Trump on Tuesday signed an executive order banning transactions with eight Chinese apps, including payment apps Alipay and WeChat Pay, to protect US national security .
It tasks the Commerce Department with defining which transactions will be banned under the directive within 45 days. Undoubtedly this provocative move targeted at Chinese apps is more out of political motives, but it will harm the US economy more than Chinese enterprises. The order may soon be invalid because President-elect Joe Biden will be sworn in on Jan 20.
The New York Stock Exchange is reconsidering its plan to allow three Chinese telecom giants to remain listed, the latest twist to a saga amid confusion over rules set by the Trump administration and tension within Washington on China policy.
The possibility that firms will be delisted means financial markets are likely to face further disruptions from Trump’s crackdown on Chinese companies.
The New York Stock Exchange said late Monday that it no longer intends to move forward with the delisting of China’s three state-owned telecom operators.
Annie Massa, Saleha Mohsin, Jennifer Jacobs and Robert Schmidt, Bloomberg News Pedestrians wearing protective masks pass in front of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Jan. 4, 2021. In a historic year that marked a rapid plunge into bear market territory and a swift recovery into the bull zone, high-flying technology stocks and electric-vehicle pioneer Tesla Inc. were standout trades. , Bloomberg
(Bloomberg) Almost two months after President Donald Trump said heâs cutting off U.S. investment in companies tied to Chinaâs military, confusion reigns on Wall Street over how to interpret his order. One certainty: Savers are losing billions.
The New York Stock Exchange is proceeding with a plan to delist three major Chinese telecommunications firms, its second about-face this week, after U.S. Treasury Secretary Steven Mnuchin criticized its shock decision to give the companies a reprieve.
The pivot comes after the exchange’s earlier move caught U.S. officials off guard. The exasperation reached the highest levels of the administration of President Donald Trump, who signed an executive order in November requiring investors to pull out of Chinese businesses deemed a threat to U.S. national security. The NYSE’s back-and-forth moves have also sowed deep confusion in global financial markets.