Updated: Jan 5, 2021
NYSE dropped the plans to delist Chinese Telco Giants
After "further consultation with relevant regulatory authorities in connection with Office of Foreign Assets Control", the New York Stock Exchange said it will no longer plan to delist the three Chinese telecommunications giants in a late Monday statement.
In an announcement NYSE made on 31 December, 2020, China Mobile Ltd., China Telecom Corp Ltd., China Unicom Hong Kong Ltd. were planned to be suspended from trading between Jan. 7 and Jan. 11, to comply with a U.S. executive order that imposed restrictions on companies identified as affiliated with the Chinese military.
On Monday, the China Securities Regulatory Commission responded the executive order was based on “political purposes” and “entirely ignored the actual situations of relevant companies and the legitimate rights of the global investors, and severely damaged market rule and order.”
China-EU investment deal: leaders conclude marathon negotiations via video link
European Union and Chinese leaders concluded their marathon negotiations for a landmark investment pact on Wednesday, handing Beijing a diplomatic win ahead of the inauguration of Joe Biden as US president.
Beijing has had to make what the EU called an “unprecedented commitment” to provide commercial certainty and predictability, with wide access for an array of European companies to the hitherto heavily restricted Chinese market.
The talks were formally concluded during a video call hosted by Chinese President Xi Jinping, European Commission President Ursula von der Leyen and European Council President Charles Michel.
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