Name: NYSE flipflops, will delist Chinese telecom firms
Uploaded: 2021-01-07T18:21:22.000Z
Duration: 1 min 23 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

the New York Stock Exchange in another flip flop, said Wednesday it will move forward with its original plans to delist three Chinese telecom companies.

The announcement comes just one day after Treasury Secretary Steven Mnuchin said he disagreed with the exchange operators decision to reverse the delistings.

The drama all began last week when the Big Board announced it will delist China Mobile, China Telecom and China Unicom.

Hong Kong after President Donald Trump last month barred US investments in Chinese firms linked to the military, but on Monday the NYC reversed that decision after consulting with regulatory authorities, Ah source told Reuters Tuesday.

Theobald face stems from ambiguity over Trump's executive order and whether the three firms were banned under that order.

Coming in the final days of the Trump presidency.

The back and forth at the exchange underscored the lack of clarity and the tensions around the implementation and implications of the administration's ban on investment in 35 Chinese companies, Also unclear how President elect Joe Biden handles the order after he takes office on January 20th.