The New York Stock Exchange said it no longer plans to withdraw three Chinese telecommunications giants.
In a statement last Monday, the NYSE said it withdrew the plans after “a new consultation with relevant regulatory authorities in relation to the Office of Foreign Asset Control.”
The announcement comes after the NYSE on Dec. 31 said it would withdraw U.S. depositary shares from China Telecom, China Mobile and China Unicom.
The exchange initially planned to withdraw these lists in order to comply with an executive order that President Donald Trump signed in November. The order sought to ban U.S. companies and individuals from investing in companies that the Trump administration was supposed to help the Chinese military.
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