Just The News:
The New York Stock Exchange has began the process of delisting securities of three China telecom companies, following President Trump’s order last month barring U.S. investments in Chinese firms believed to be owned or controlled by the Chinese military.
The move will limit U.S. investors’ access to such companies and follows global index providers MSCI Inc, S&P Dow Jones Indices and FTSE Russell and Nasdaq deleting some Chinese companies from their indexes, according to Reuters.
The three companies delisted by the NYSE are China Telecom Corporation Limited, China Mobile Limited 0941.HK and China Unicom (Hong Kong) Limited. more
Come on, Manchurian! No doubt Biden will make reversing this decision a priority in his theoretical first 100 days.
There is al old idiom that describes a utterly futile gesture or action when faced with catastrophe ,”rearranging deck chairs on the Titanic”, this is that.
What’s worse, these telecoms are no where near the biggest most profitable Chinese companies;
https://fortune.com/2015/07/22/china-global-500-government-owned/
God Bless President Trump and give dispair and confusion to his enemies.
Amen, Eponymous.
We have been asking for anything to happen. Well, whether or not it works as we wish, at least it’s something!