NYSE: Delisted from three Chinese telecommunications companies: China Mobile, China Telecom, China Unicom
US Government / NYSE:
China Mobile,
China Telecom,
China Unicom Hong Kong,
The delisting procedure for the three stocks has resumed.
The three stocks are expected to be unavailable for sale from the 11th.
Office of Foreign Assets Control (OFAC) of the US Treasury:
According to the new guidance, it has decided to delist.
NYSE reconsidered, delisted:
According to Bloomberg, the NYSE was forced to reconsider after “US Treasury Secretary Steven Mnuchin disputed the listing policy announced on January 4.”
US Stock Market:
Following the re-decision to delist, the prices of three American Depositary Receipts (ADRs), including China Mobile, fell sharply.
Published at OFAC:
On December 28, 2008, OFAC published answers to “Frequently Asked Questions.”
“The stocks of subsidiaries of the target companies and the exchange-traded funds (ETFs) that incorporate them are also subject to investment bans,” he said.
Nihon Keizai Shimbun
https://www.nikkei.com/article/DGXZQOGN06CVH0W1A100C2000000
Publication of Communist Chinese Military Companies Frequently Asked Questions and Related List
12/28/2020
OFAC has published the following Frequently Asked Questions
related to Executive Order (E.O.) 13959, “Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies”: 857, 858, 859, 860, 861.
OFAC has also published a list (PDF; CSV) containing the names of entities identified in or pursuant to E.O. 13959 as Communist Chinese military companies,
along with additional identifying information. U.S. Department of the Treasury
https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20201228
NYSE Abruptly Reverses Plan to Delist Three Chinese Telecoms –
Exchange’s reversal whipsaws investors after Monday selloff
China Mobile, China Telecom, Unicom rally in Hong Kong trading
The New York Stock Exchange has abruptly reversed plans to delist three major Chinese telecommunications companies after consulting regulators about an investment ban ordered by President Donald Trump.
Index providers
- FTSE Russell,
- MSCI Inc. and
- S&P Dow Jones Indices
have all said in the past month they would remove some Chinese companies from equity gauges to comply with the order, but their lists of affected stocks have sometimes differed markedly.
Bloomberg