New York, January 10 The New York Stock Exchange of the United States repeatedly performed on whether to delist the shares of three Chinese telecommunications companies on the grounds of implementing the executive order of the federal government, which caused dissatisfaction among some investors.
According to the Wall Street Journal on the 10th, New York City resident Ariel sold shares of China Mobile on the 4th after learning that China Mobile’s American Depositary Receipt (ADR) issued by China Mobile was risky.
However, on the evening of the 4th, the New York Stock Exchange announced that after further consultation with relevant regulatory authorities, it had decided to stop promoting the delisting process of three Chinese telecom operators on the New York Stock Exchange.
Ariel suffered losses as the price of China Mobile’s U.S. depositary receipts rose sharply the next day.
Anil Hingui is a 75-year-old man in Michigan. Feeling that the dividends are guaranteed, Xingui has invested in shares of China Mobile since 2003.
After learning that the New York Stock Exchange finally decided to delist the shares of three telecommunications companies, Hingui said it was a “political ball kicked around”.
The U.S. investment bank Lesa Sluf Company sold its shares in China Mobile on the 7th.
The company’s chief investment officer, Lesa Sluf, said she was unwilling to sell the stock, but its custodian said that it would no longer participate in the stock trading and was forced to operate on its own.
Sluf said that the executive order and its hasty implementation have greatly hurt American investors and caused serious reputational problems.
Investors named “A suspicious investor” said on social media on the 5th that if they do “so repeated things” in the company, the board of directors will undoubtedly fire themselves.
Chinese Foreign Ministry spokesman Hua Chunying stressed a few days ago that China firmly opposes the U.S. government’s politicization of economic and trade issues, abusing national power, generalizing the concept of national security, and suppressing Chinese enterprises for no reason.
The relevant actions of the United States seriously violate the principles of market competition and international economic and trade rules that the United States has always flaunt.
Hua Chundi said that he hoped that the United States would respect the market and the rule of law, and do more to maintain the order of the global financial market, protect the legitimate rights and interests of investors and be beneficial to the stable development of the global economy.