Sources: after NYSE said it wouldn't delist China Mobile, China Telecom, and China Unicom, it now mulls reverting to original plan following Mnuchin criticism
- Possible reversal follows Mnuchin call to NYSE's Cunningham — Exchange's surprise announcement caught White House off guard
Bloomberg
Related Coverage
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- In a reversal, NYSE says it will go ahead with its plan to delist China Mobile, China Telecom, and China Unicom, following Mnuchin criticism CNBC · Jesse Pound
- NYSE does a U-turn on Chinese telecoms delistings BBC
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- Daily Crunch: NYSE won't delist Chinese telcos TechCrunch · Anthony Ha
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- NYSE Backtracks on its Decision to Delist Major Chinese Telecom Firms Pandaily · Kelsey Cheng
- NYSE backtracks on delisting China Mobile, China Unicom and China Telecom MediaNama · Aroon Deep
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- NYSE backs off delisting of Chinese telecom firms TechNode · Wei Sheng
- NYSE U-turns on delisting Chinese telcos Telecoms.com · Wei Shi
- NYSE reverses plans to delist China's three big telcos TechCrunch · Rita Liao
- NYSE says no longer intends to delist three Chinese telecom firms Reuters
- NYSE withdraws plans to delist 3 Chinese phone carriers Associated Press
- Chinese telcos spared delisting as NYSE backtracks on decision ZDNet · Chris Duckett
Discussion
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@benbain
Ben Bain
on x
The plot thickens on part of what's moving stocks today — @stevenmnuchin1 told @NYSE that he disagrees w/ Exchange's reversal on Chinese Stock delisting, report Rob Schmidt and @SalehaMohsin via @business https://www.bloomberg.com/...
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@hraleighspeaks
Helen Raleigh
on x
The US is ruining its credibility with inconsistent policies like this: The NYSE said it reversed its decision to delist the Chinese telecom companies after consulting with regulatory authorities https://www.wsj.com/... via @WSJ
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@kylej_sullivan
Kyle Sullivan
on x
SHORT THREAD The dumpster fire at the NYSE and Treasury is causing confusion, so I'll do my best to lend a little perspective and hopefully clear things up a bit. The crux of the issue seems to be confusion over taxonomy. https://www.bloomberg.com/... via @markets
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@jchengwsj
Jonathan Cheng
on x
New York Stock Exchange to three Chinese telecommunications operators: I know I told you to get lost a few days ago, but you can stay now. @keping @benottoWSJ https://www.wsj.com/...
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@thestalwart
Joe Weisenthal
on x
Steve Mnuchin has expressed disappointment that the NYSE has relisted those Chinese telcos https://www.bloomberg.com/...
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@ltabb
Larry Tabb
on x
Not a good PR day for @NYSE NYSE de-lists 3 Chinese companies w/ links to military due to Trump admin pressure - 1/4/21 NYSE re-thinks de-listing - as I assume it hurts Asia listing biz 1/5 am Trump admin chastises NYSE 1/5 ~ noon NYSE - re-thinks re-listing 1/5 4:30pm https://tw…
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@sandyhendry
Sandy Hendry
on x
Punch and Judy politics: They are delisting. Oh no their not! Oh yes they are!! https://twitter.com/...
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@jenniferjjacobs
Jennifer Jacobs
on x
NYSE's surprise decision to spare Chinese telecoms from being delisted caught officials at White House, Treasury, State off guard, sources told @nwadhams @SalehaMohsin @benbain and me. Lots of phone calls today among officials to figure out what happened. https://www.bloomberg.co…
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@ruima
@ruima
on x
And then the reversal may get reversed. Like how is this professional? https://www.bloomberg.com/...
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@lisaabramowicz1
Lisa Abramowicz
on x
In the meantime, the NYSE's whipsaw actions regarding Chinese Telcos highlights how volatile U.S. policy toward China is right now. https://www.bloomberg.com/...
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@felixsalmon
Felix Salmon
on x
ayfkm. China Mobile is a $100b company! And NYSE is like “you get delisted!” “Wait hang on, we call take-backsies, you *don't* get delisted!” https://ir.theice.com/...
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@business
@business
on x
The New York Stock Exchange said it no longer plans to delist China's big three telecommunications companies. Shares of China Mobile, China Telecom and Unicom rallied on the latest development, rising more than 6% in Hong Kong trading. https://www.bloomberg.com/...
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@skupor
Scott Kupor
on x
Any reporters out there know the back story on this? Do we think someone from the Biden administration told them to back down? https://twitter.com/...