The New York Stock Exchange has started delisting securities of 3 Chinese telecom companies. The move came after President Donald Trump barred US investments in Chinese firms Washington says are owned or controlled by the military. The move by the NYSE will limit US investor access, follows global index providers MSCI Inc, S&P Dow Jones Indices, FTSE Russell, and Nasdaq deleting various Chinese companies from their indexes. a former White House official, Roger Robinson said it’s the latest step, but at least an awakening to national security and human rights-related risk. NYSE said, “The issuers, China Telecom Corporation Limited, China Mobile Limited 0941.HK, and China Unicom (Hong Kong) Limited, were no longer suitable for listing as the order prohibits any transactions in securities designed to provide investment exposure to such securities, of any Communist Chinese military company, by any United States person”.
