The New York Stock Exchange has said it no longer intends to delist three Chinese telecommunications giants.
In a statement late Monday, the NYSE said it had abandoned plans following a further consultation with the relevant regulatory authorities regarding the Foreign Asset Management Office. ‘
The announcement comes after the NYSE said on December 31 that it would remove US depository shares from China Telecom, China Mobile and China Unicom.
The exchange originally planned to drop the listings in order to comply with an executive order signed by President Donald Trump in November. That order wanted to prevent American companies and individuals from investing in companies that, according to the Trump administration, would help the Chinese military.
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