NYSE boots out Chinese telecoms firms—then it doesn’t, then does
A pall of uncertainty hangs over Chinese shares in America
THE TIES that bind the world’s two biggest economies are unravelling, in fits and starts. The latest episode involved fits, starts and chaos. On December 31st the New York Stock Exchange (NYSE) announced that it would delist China Telecom, China Mobile and China Unicom, three telecoms giants, shares in which have been traded on Wall Street for years. It did so, it said, to comply with President Donald Trump’s executive order in November banning American investments in companies with links to the People’s Liberation Army (PLA).
This article appeared in the Business section of the print edition under the headline “NYSE knowing you”
Business January 9th 2021
- Deutschland AG continues to pour billions into China
- NYSE boots out Chinese telecoms firms—then it doesn’t, then does
- The Fiat Chrysler-PSA mega-merger may give rise to a carmaking star
- Corporate nuptials are back on
- Energy companies give the Arctic the cold shoulder
- What happens when firms have to stump up for good causes
- The science of networking
- A tech CEO’s guide to taxes
From the January 9th 2021 edition
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