, which will limit U.S. investor access, follows global index providers MSCI Inc, S&P Dow Jones Indices and FTSE Russell and Nasdaq deleting various Chinese companies from their indexes.
NYSE said that the issuers, China Telecom Corporation Limited, China Mobile Limited and China Unicom Limited, were no longer suitable for listing as the order prohibits any transactions in securities "designed to provide investment exposure to such securities, of any Communist Chinese military company, by any United States person."The order sought to give teeth to a 1999 law that mandated that the Department of Defense compile a list of Chinese military companies.
NYSE said that it would suspend trading in the stocks on either Jan. 7 or Jan. 11. The issuers have a right to a review of the decision. Each of the telecoms companies named by the NYSE also has a listing in Hong Kong.
Excellent. Trudeau let China take over ours
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