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Treasury Secretary Mnuchin intervened in NYSE's Chinese delisting saga: report

The New York Stock Exchange is reportedly reconsidering its decision to delist China Telecom Corporation Ltd., China Mobile Ltd. and China Unicom Ltd. after Treasury Secretary Steven Mnuchin, according to a report, reached out to NYSE president Stacey Cunningham on Tuesday to say that he disagrees with the exchange s decision to reverse course.
The NYSE first announced that it no longer intends to move forward with the delisting action in a statement on Monday, citing “further consultation” with U.S. regulators.
The move came just days after the NYSE said it had begun the process on Thursday of delisting the securities of China s three largest telecommunications companies in response to an executive order by President Trump in November, which prohibits any transaction in publicly traded securities, or any securities that are derivative of, or are designed to provide investment exposure to such securities, of any Communist Chinese military company. ....

United States , Steven Mnuchin , York Stock Exchange , Office Of Foreign Assets , China Unicom Ltd , Chinese Communist Party , Securities Regulatory Commission , Treasury Department , China Mobile Ltd , Chinese Commerce Ministry , Intercontinental Exchange , New York Stock Exchange , China Telecom Corporation Ltd , China Telecom , China Mobile , China Unicom , Treasury Secretary Steven Mnuchin , Stacey Cunningham , President Trump , Communist Chinese , Foreign Assets , Communist China Military Companie , Telecom Corporation Ltd , Communist Party , ஒன்றுபட்டது மாநிலங்களில் , யார்க் ஸ்டாக் பரிமாற்றம் ,

NYSE to proceed with delisting 3 Chinese companies after flip-flopping on the matter

On Tuesday, it was reported that Treasury Secretary Steven Mnuchin intervened in the saga, saying he disagreed with the exchange s decision to not move forward with the delisting, despite originally saying it would.
The move came just days after the NYSE said it had begun the process on Thursday of delisting the securities of China s three largest telecommunications companies in response to an executive order by President Trump in November, which prohibits any transaction in publicly traded securities, or any securities that are derivative of, or are designed to provide investment exposure to such securities, of any Communist Chinese military company. ....

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NYSE Reverses China Company Delisting Plans … For Now

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China warns of retaliation for NYSE's delisting of companies | News, Sports, Jobs

Associated Press
BEIJING (AP) China said today that it would take necessary countermeasures in response to the New York Stock Exchange’s announcement that it would delist three major Chinese telecoms, in the latest flare-up of tensions between Beijing and Washington.
The stock exchange said Thursday that it would delist China Telecom Corp. Ltd., China Mobile Ltd. and China Unicom Hong Kong Ltd., with trading of the companies to be suspended sometime between Jan. 7 and Jan. 11.
The move stems from an executive order President Donald Trump issued on Nov. 12 barring investment in publicly traded companies that the U.S. government says are owned or controlled by the Chinese military. ....

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China warns of retaliation after New York Stock Exchange delists three major companies

China warns of retaliation after New York Stock Exchange delists three major companies
Posted
SatSaturday 2
JanJanuary 2021 at 2:04pm
China Mobile is one of three telecoms the New York Stock Exchange has moved to delist.
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China says it will take necessary counter-measures in response to the New York Stock Exchange s move to delist three major Chinese telecoms, in the latest flare-up of tensions between Beijing and Washington.
Key points:
China has said it will take necessary counter-measures to protect its companies
The Trump administration has recently stepped up economic sanctions and travel bans against Chinese companies
The stock exchange announced on Thursday that it would delist China Telecom Corp, China Mobile and China Unicom Hong Kong, with trading of the companies to be suspended some time between January 7 and January 11. ....

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