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English By Joyce Huang Share on Facebook Print this page TAIPEI - In a surprising reversal, the New York Stock Exchange (NYSE) announced early this week that it no longer intended to delist three Chinese telecom companies that had been targeted by the outgoing Trump administration for suspected ties to the Chinese military.
The NYSE officially announced Monday that based on “further consultation with relevant regulatory authorities,” it no longer planned to delist China Telecom, China Mobile and China Unicom from trading.
The recent delisting was prompted by U.S. President Donald Trump’s November executive order calling for the removal of companies from U.S. markets described as “communist Chinese military” companies.