Three Chinese companies banned from New York Stock Exchange_China.org.cn

The photo dated November 4, 2020 shows the New York Stock Exchange. (Xinhua / Wang Ying)

The US’s action to abuse national security as a reason to suppress Chinese companies is incompatible with market rules and will weaken the confidence of all parties in the US capital market, a spokesman for the Chinese Ministry of Commerce made clear on Saturday.

The spokesman responded to the New York Stock Exchange’s announcement on Thursday that it would remove China Telecom Corporation Ltd, China Mobile Ltd and China Unicom (Hong Kong) Ltd from the exchange – a process known as “delisting”.

The US’s approach to abusing national security and using state power to suppress Chinese companies is incompatible with market rules and contradicts the logic of the market, the spokesman continued.

The move will not only harm the legitimate rights and interests of Chinese companies, but also the interests of investors from other countries – including those from the US. The delisting of the Chinese companies will seriously weaken the confidence of all parties in the US capital market, the spokesman emphasized.

China is opposed to recent US actions, which have used national security as an excuse to label Chinese companies as so-called “communist Chinese military companies.” China will take the necessary measures to vigorously protect the legitimate rights and interests of Chinese companies said a spokesman for the Commerce Department.

<!–enpproperty 770754362021-01-03 16:33:53:248China,USA,chinesische Unternehmen,New Yorker BörseChina wehrt sich gegen Vorgehen der USA三家中国运营商被纽交所摘牌 商务部回应10037227463WirtschaftWirtschafthttp://images.china.cn/site1003/2021-01/03/t2_(0X86X600X424)283680fc-dbea-446d-bee0-806a4a2949ac.jpghttp://images.china.cn/site1003/2021-01/03/t2_(0X86X600X424)283680fc-dbea-446d-bee0-806a4a2949ac.jpghttp://german.china.org.cn/txt/2021-01/03/content_77075436.htmnullChen Qiangerman.china.org.cn

Das Vorgehen der USA, die nationale Sicherheit als Begründung zu missbrauchen, um chinesische Unternehmen zu unterdrücken, ist unvereinbar mit den Marktregeln und wird das Vertrauen aller Parteien in den US-Kapitalmarkt schwächen.

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