January 7, 2021
NYSE reverses course (again), says it will delist Chinese telecom companies
The New York Stock Exchange will delist three Chinese telecom companies, reversing its plans for the second time this week. The exchange initially announced plans to delist the companies in response to an executive order issued by President Trump in November, which prohibited US investment in firms linked to the Chinese military. The NYSE subsequently reversed that decision on Monday (saying it would not delist the companies) before changing course again yesterday (citing new guidance from the Treasury Department).