NYSE starts delisting 3 Chinese telco companies

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NEW YORK/WASHINGTON - The New York Stock Exchange is starting the process of delisting securities of three Chinese telecom companies, after President Donald Trump last month barred US investments in C

hinese firms Washington says are owned or controlled by the military.

It's "a modest step, but at least an awakening to national security and human rights-related risk”, said Roger Robinson, a former White House official who supports curbing Chinese access to US investors. China has condemned that ban, and fund managers have said it could benefit non-US investors able to pick up the stocks.

 

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