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  • the New York Stock Exchange will delist securities of three major Chinese telecom companies as early as next week.

  • The move comes after President Donald Trump barred Americans last month from investing in Chinese companies that Washington says are owned or controlled by the military.

  • The Big Board said the U.

  • S order makes China Mobile, China Telecom and China Unicom unsuitable for listing.

  • The NYC s move follows similar actions taken by global index providers such as the NASDAQ and S.

  • C.

  • I.

  • The companies could not be reached for comment.

  • So far, the Pentagon has compiled a list of 35 Chinese military companies that will be subject to the ban.

  • The names include top chipmaker Semiconductor Manufacturing International.

  • China has condemned that ban.

  • Fund managers say it could benefit non U.

  • S investors who are able to buy the stocks.

the New York Stock Exchange will delist securities of three major Chinese telecom companies as early as next week.

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NYSE to delist three Chinese telecom giants

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    林宜悉 posted on 2021/01/03
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