The New York Stock Exchange will soon delist three Chinese telecom companies. It’s to comply with President Trump’s order barring investment in Chinese firms with ties to their military. Trump cited threats to national security.
China Telecom, China Mobile, and China Unicom are being removed. Other global index providers like MSCI, S&P Dow Jones, FTSE Russell, and Nasdaq have already removed various blacklisted Chinese companies.
Former White House official Roger Robinson says it’s “a modest step, but at least an awakening to national security and human rights-related risk.”
Trump’s November order impacts some of China’s biggest companies. Currently, 35 companies are on the blacklist—and their subsidiaries will soon be added.