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Friday, March 1, 2024

Beijing won’t retaliate strongly against the U.S. for delisting Chinese companies, analysts say

  • The New York Stock Exchange said Thursday that it will delist China Telecom, China Mobile and China Unicom, as soon as Jan. 7, or as late as Jan. 11.
  • The Hong Kong-listed stocks of all three companies declined sharply on Monday.
  • The NYSE's move is in line with an executive order signed by U.S. President Donald Trump last November, that barred Americans from investing in companies it alleged were connected to the Chinese military.

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