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The New York Stock Exchange (NYSE) announced Wednesday that it will finally delist three Chinese companies in the telecom sector after receiving new instructions from the US government.
The New York stock exchange platform had already announced last Friday its intention to withdraw China Mobile, China Telecom and China Unicom (Hong Kong), three companies controlled by the Chinese government that are also listed on the Hong Kong Stock Exchange.
It thus obeyed an American presidential decree of November 12, prohibiting transactions on companies accused of being involved in the development of the Chinese military complex.
But the stock exchange platform had reversed its decision on Monday, after she said, “extensive consultations with the competent regulatory authorities”, creating some confusion.
In a statement Wednesday, the NYSE explains that it is finally following a new directive from the office of the Department of the Economy responsible for the control of foreign assets, received on Tuesday, according to which “American individuals cannot undertake certain transactions” on the shares of China Telecom. , China Mobile and China Unicom from January 11.
All three groups trade in the United States in the form ofADR, American Depositary Shares, securities awarded to foreign companies wishing to access Wall Street.
The administration of US President Donald Trump and Beijing have been engaged for several years in a merciless battle on the economic and technological front, with punitive customs taxes and blacklists.
Tuesday evening, fifteen days before his scheduled departure from the White House, Mr. Trump continued his crusade by signing an executive order to ban, in the name of “national security”, any transaction with eight Chinese payment services and applications , including Alipay (Ant Group) and WeChat Pay (Tencent), within 45 days.
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