January 18, 2021

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Chinese telecommunications companies are still welcome on Wall Street

Chinese telecommunications companies are still welcome on Wall Street

The three largest Chinese telecommunications companies are allowed to keep their listing on the New York Stock Exchange. The exchange operator is returning to his plans.

The removal of the three state-owned Chinese companies China Mobile, China Telecom and China Unicom Hong Kong would have exacerbated tensions between the US and China. The New York Stock Exchange (NYSE) is turning around without much explanation.

First, the company said the deletion was necessary to comply with the new Trump administrative rules for investing in companies that the Americans say are controlled by the Chinese military. After “consulting with the regulators” the NYSE overturned the decision.