[US Sanctions]New York Stock Exchange NYSE forced China Mobile, China Unicom, China Telecom ADR to delist, China Mobile fell 6%, China Unicom fell 5% (Third Edition)-Hong Kong Economic Times-Real Time News Channel-Market Finance-Stock Market

▲ [US Sanctions]NYSE Forces China Mobile, China Unicom, China Telecom to Delist ADR

The NYSE policy of the New York Stock Exchange has changed sharply, and China’s three major telecommunications companies, China Mobile, unexpectedly retracted last day （00941）
,China Unicom （00762）
, Chuden （00728）
After the ADR delisting decision, it was announced yesterday (6th) that according to the guidance of the US Department of the Treasury on January 5, the ADRs of the above-mentioned three companies, China Mobile, China Unicom, and China Telecom, will be delisted, which will take effect next Monday (11th) , Which means that US investors cannot participate in related stock transactions after Friday (8th).

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After the delisting news was released, China Mobile opened 43.5 yuan lower this morning, down 6.8%, China United reported 4.8 yuan, down 5%, and China Telecom reported 2.1 yuan, down 4.9%.

The picture shows the US sanctions on Chinese companies

Earlier foreign media reported that US Treasury Secretary Steven Mnuchin had called New York Stock Exchange President Can Stacey Cunningham to express his disagreement with the withdrawal of the delisting decision of the three major Chinese telecommunications companies.

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Editor in charge: Liang Haoshuo

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