New York Stock Exchange reverses decision to delist Chinese state-owned companies

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New York Stock Exchange reverses decision to delist Chinese state-owned companies

In November, Trump banned investments in companies allegedly linked to the Chinese military
The New York Stock Exchange abandoned plans to exclude three Chinese telecommunications companies from the index under an executive order from U.S. President Donald Trump.
The exchange said on its website that it was reversing a previous decision after “new consultations” with regulators.

Last Thursday, the exchange said it was excluding state-owned China Telecom Corp Limited, China Mobile Limited, and China Unicom Hong Kong Limited under Trump’s November executive order.
The executive order prohibits U.S. companies and individuals from investing in at least 31 firms allegedly linked to the Chinese military.
China’s Ministry of Commerce warned Saturday that Beijing would take “necessary countermeasures” to protect its companies.

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