SHANGHAI, Jan 2 (Reuters) – China will take “necessary measures” to safeguard the interests of its companies after the New York Stock Exchange began delisting three Chinese telecommunications companies accused of having military ties, the official said. Saturday the Ministry of Commerce of the Asian country.
The New York Stock Exchange announced Thursday that it would begin delisting China Mobile, China Unicom and China Telecom in response to President Donald Trump’s decision to ban US investments in companies owned or controlled by the Chinese military.
China’s Commerce Ministry said that the delisting of such companies from the stock market was against national security and market rules.
Information from David Stanway; edited by William Maclean; translation by Jorge Martínez
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