NYSE Drops Plan to Delist Chinese Telecoms

The New York Stock Exchange dropped plans to delist China Telecom, China Mobile and China Unicom (see 2101040052). The NYSE on Monday cited “further consultation with relevant regulatory authorities in connection with Office of Foreign Assets Control.” The stature of the U.S. as "an international financial hub hinges on global companies and investors trusting the inclusiveness and certainty of its rules and mechanisms," said a Chinese Foreign Affairs Ministry spokesperson Tuesday.