Beijing: China has warned of retaliation by the New York Stock Exchange (NYSE) announcing the removal of three of China’s largest telecom companies from the exchange. This may further exacerbate tensions between the US and China.
The stock exchange said on Thursday that China Telecom Corp Ltd., China Mobile Ltd., And China Unicom Hong Kong Ltd. Will be removed from the exchange. Trading in the shares of these companies will be closed at any time between January 7 and January 11.
US President Donald Trump, through a government order on November 12, prohibited investments in publicly traded companies that the US claimed were owned or controlled by the Chinese military Is near A spokesman for China’s Commerce Department said that this would undermine all parties’ confidence in the US capital market.
