NYSE begins process of delisting 3 Chinese telecom companies
The New York Stock Exchange is beginning the way toward delisting protections of three Chinese telecom companies, after President Trump a month ago banished US interests in Chinese firms Washington says are claimed or constrained by the military.
The move by the NYSE, which will restrict US speculator access, follows worldwide file suppliers MSCI, S&P Dow Jones Indices and FTSE Russell and Nasdaq erasing different Chinese organizations from their files.
It's “a modest step, but at least an awakening to national security and human rights-related risk,” said Roger Robinson, a previous White House official who supports checking Chinese admittance to US financial specialists.
NYSE said that the guarantors, China Telecom Corporation Limited, China Mobile Limited and China Unicom (...