China Telecom, China Mobile, and China Unicom Hong Kong to be delisted on January 11.
The New York Stock Exchange will delist a trio of Chinese telcos as a November executive order from US President Donald Trump enters force on January 11. The three listed companies hit by the change are China Telecom, China Mobile, and China Unicom Hong Kong. “The order prohibits, beginning 9:30 am eastern standard time on January 11, 2021, 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, by any United States person,” the NYSE said in a statement. Signed on 12 November 2020, the executive order forbids trading and investing in any of the companies previously deemed to be Communist Chinese military companies by the US Department of Defense, and bans trading in any new companies 60 days after the US places such a label on them.
