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Wall Street to kick out Chinese telecom giants


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The New York Stock Exchange (NYSE) said it will delist three Chinese telecommunications firms based on claimed links with its military. 

China Mobile, China Telecom and China Unicom Hong Kong have all been targeted by the Trump administration. President  Trump signed an order in November barring American investments in Chinese firms owned or controlled by the military.

The companies earn all of their revenue in China and have no significant presence in the US.

Shares in the telecoms giants will be suspended on the NYSE next week while proceedings to delist them have begun.

There are currently more than 200 Chinese companies listed on US stock markets with a total market capitalization of $2.2tn (£1.6tn)

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RAMROD

:classy: touch it where it hurts

(ノ◕ヮ◕)ノ✧*:・゚ ᶠʳᵒⁿᵗ ᵗᵒʷᵃʳᵈ ᵉⁿᵉᵐʸ (*´艸`*) ♡♡♡
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Economy

I get all the concern about these companies supposed sketchiness with data but can't the same be said about other Countries companies including American ones?

 

I don't get the double standard

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