Earlier, the exchange management announced the termination of access to trading in shares of Chinese companies China Mobile, China Unicom, and China Telecom Hong Kong.
The New York Stock Exchange has abandoned its intention to stop trading in three major Chinese companies’ shares. This is stated in a statement issued by representatives of the trading platform.
The document emphasizes that “having conducted additional consultations with regulatory authorities,” the stock exchange management decided “not to implement the decision of December 31, 2020, to exclude shares of three companies from stock trading.” It was supposed to come into force on January 11. “At the moment, the presence and trading of shares of these three issuers on the New York Stock Exchange will continue,” the statement said.
At the end of December, the management of the exchange, based on the US administration requirements, announced the termination of admission to trading in shares of Chinese companies China Mobile, China Unicom, and China Telecom Hong Kong. This step was because US President Donald Trump in November 2020 signed a decree banning American investments in some Chinese companies that, according to Washington, are associated with the Chinese armed forces.
The Chinese authorities condemned the signing of the decree by Trump. They called on Washington to stop putting pressure on Chinese companies.