- Aug 6, 2012
- 27,986
- 24,786
- 2,405
Now the world gets to continue to fund the Chinese military through the NYSE. Yes, the Chinese military funded by big corporations, hedge funds and wealthy investors in the West.
If I were to guess, it sounds like the Exchange got word from the incoming administration and changed course. Especially since there were celebrations in China media of Bidens "change of course" as reported at Fox News.
I love Chinas reaction, twisting the knife into how absurd they are with this comment "We hope the United States will respect the market and rule of law," spokesperson Hua Chunying said at a regular press briefing in Beijing.
That is being said by Beijing with a straight face. They are taking candy from a baby.
It's going to be a slaughter mark my words. Remember what so many politicians and businesses said to you, write it all down and compare it with the impending reality.
Kudos to Chinese intelligence and their politicians. They are playing rapid chess while their adversaries are playing classical.
www.cnn.com
Hong Kong (CNN Business)The New York Stock Exchange has reversed its decision to kick out three of China's largest state-owned telecom companies.
The exchange said late Monday that it no longer intends to delist the firms after "further consultation with relevant regulatory authorities," and that they will continue to be listed and traded on the NYSE "at this time."
The sudden about-face comes just days after the NYSE announced that it would end trading in the shares of China Mobile (CHL), China Telecom (CHA), and China Unicom (CHU) — a move it said was needed to comply with an order President Donald Trump signed late last year that bans Americans from investing in firms that the US government suspects are either owned or controlled by the Chinese military.
The NYSE said, however, that it would "continue to evaluate the applicability" of that order to the companies and their status on the exchange.
Shares of all three firms immediately pulled higher Tuesday in Hong Kong, where they are also listed. China Unicom advanced more than 6%, while China Mobile and China Telecom each jumped more than 5%.
China Unicom and China Telecom said Tuesday in filings to the Hong Kong Stock Exchange that they were aware of NYSE's announcement and would "monitor the development." CNN Business has reached out to China Mobile for comment.
China's Ministry of Foreign Affairs on Tuesday noted the change and reiterated its criticisms that Washington has been "wantonly suppressing foreign companies listed in the country."
"We hope the United States will respect the market and rule of law," spokesperson Hua Chunying said at a regular press briefing in Beijing.
All three of the telecom companies have traded in New York for many years. China Mobile, the country's largest telecom company, has been listed on the New York Stock Exchange since 1997. Rivals China Telecom and China Unicom, meanwhile, have been trading there since the early 2000s.
If I were to guess, it sounds like the Exchange got word from the incoming administration and changed course. Especially since there were celebrations in China media of Bidens "change of course" as reported at Fox News.
I love Chinas reaction, twisting the knife into how absurd they are with this comment "We hope the United States will respect the market and rule of law," spokesperson Hua Chunying said at a regular press briefing in Beijing.
That is being said by Beijing with a straight face. They are taking candy from a baby.
It's going to be a slaughter mark my words. Remember what so many politicians and businesses said to you, write it all down and compare it with the impending reality.
Kudos to Chinese intelligence and their politicians. They are playing rapid chess while their adversaries are playing classical.
Wall Street reverses plan to kick out Chinese telecom companies
The New York Stock Exchange has reversed its decision to kick out three of China's largest state-owned telecom companies.
www.cnn.com
Hong Kong (CNN Business)The New York Stock Exchange has reversed its decision to kick out three of China's largest state-owned telecom companies.
The exchange said late Monday that it no longer intends to delist the firms after "further consultation with relevant regulatory authorities," and that they will continue to be listed and traded on the NYSE "at this time."
The sudden about-face comes just days after the NYSE announced that it would end trading in the shares of China Mobile (CHL), China Telecom (CHA), and China Unicom (CHU) — a move it said was needed to comply with an order President Donald Trump signed late last year that bans Americans from investing in firms that the US government suspects are either owned or controlled by the Chinese military.
The NYSE said, however, that it would "continue to evaluate the applicability" of that order to the companies and their status on the exchange.
Shares of all three firms immediately pulled higher Tuesday in Hong Kong, where they are also listed. China Unicom advanced more than 6%, while China Mobile and China Telecom each jumped more than 5%.
China Unicom and China Telecom said Tuesday in filings to the Hong Kong Stock Exchange that they were aware of NYSE's announcement and would "monitor the development." CNN Business has reached out to China Mobile for comment.
China's Ministry of Foreign Affairs on Tuesday noted the change and reiterated its criticisms that Washington has been "wantonly suppressing foreign companies listed in the country."
"We hope the United States will respect the market and rule of law," spokesperson Hua Chunying said at a regular press briefing in Beijing.
All three of the telecom companies have traded in New York for many years. China Mobile, the country's largest telecom company, has been listed on the New York Stock Exchange since 1997. Rivals China Telecom and China Unicom, meanwhile, have been trading there since the early 2000s.
