NYSE to Delist Chinese Telco Giants on U.S. Executive Order

Exchange will remove China Mobile, China Telecom, China Unicom
China says it will adopt actions to protect rights of firms

The New York Stock Exchange (NYSE).
Photographer: Michael Nagle/Bloomberg

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By Max Zimmerman and Gregor Stuart Hunter

January 1, 2021 at 1:03 AM UTC

Updated on

January 2, 2021 at 2:28 PM UTC

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The New York Stock Exchange said it will delist three Chinese corporations to comply with a U.S. executive order that imposed restrictions on companies identified as affiliated with the Chinese military.

China Mobile Ltd., China Telecom Corp Ltd., China Unicom Hong Kong Ltd. will be suspended from trading between Jan. 7 and Jan. 11, and proceedings to delist them have started, according to a statement by the exchange.