The New York Stock Exchange has backtracked on plans to delist three Chinese state-run telecoms groups, reversing a decision that had threatened to further inflame tensions between Washington and Beijing.
The exchange had begun proceedings to delist China Mobile, China Telecom and China Unicom to comply with a Trump administration executive order that bars US investors from holding stakes in companies with alleged ties to the Chinese military.
But the NYSE said on Monday evening that it no longer intended to carry out the delistings “in light of further consultation with relevant regulatory authorities”.
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