The New York Stock Exchange has stated that it no longer intends to write off three Chinese telecommunications giants.
In a statement late Monday, the NYSE said it had dropped plans after “additional consultations with relevant regulators in connection with the Office for the Control of Foreign Assets.”
The announcement comes after the NYSE said on December 31 that it will phase out the US deposit of China Telecom, China Mobile and China Unicom.
The exchange had originally intended to drop these listings in order to comply with an executive order signed by President Donald Trump in November. That order sought to prevent American companies and individuals from investing in companies that the Trump administration had helped the Chinese military.
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