NYSE Starts Process of Delisting Three Chinese Telecom Companies

NYSE Starts Process of Delisting Three Chinese Telecom Companies
The U.S. flag is seen on the New York Stock Exchange (NYSE) following Election Day in Manhattan, New York City, on Nov. 4, 2020. Andrew Kelly/Reuters
Reuters
Updated:

NEW YORK/WASHINGTON—The New York Stock Exchange has started the process of delisting securities of three Chinese telecom companies, after President Donald Trump last year barred U.S. investments in Chinese firms that Washington says are owned or controlled by the military.

The move by the NYSE, which will limit U.S. investor access, follows global index providers MSCI Inc., S&P Dow Jones Indices, and FTSE Russell and Nasdaq deleting various Chinese companies from their indexes.