The New York Stock Exchange said it no longer plans to remove three giants from Chinese telecommunications.
In a statement late on Monday, the NYSE said it abandoned plans after “new consultations with relevant regulatory authorities regarding the Office of Foreign Assets Control”.
The announcement came after the NYSE announced on December 31 that it would move the removal of American depositary shares from China Telecom, China Mobile and China Unicom.
The exchange had originally planned to remove these listings to comply with an executive order that President Donald Trump signed in November. This order was aimed at preventing American companies and individuals from investing in companies that the Trump administration claimed to help the Chinese military.
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