The New York Stock Exchange is starting the process of delisting securities of three Chinese telecom companies, China Telecom Corporation Limited , China Mobile Limited and China Unicom (Hong Kong) Limited , it said in a statement on Thursday. The move comes after President Donald Trump in November unveiled an executive order barring U.S. investments in Chinese companies that Washington says are owned or controlled by the Chinese military, which could impact some of China's biggest companies. Also Read | Investing during all-time highs can be good strategyThe November executive order sought to give teeth to a 1999 law that mandated that the Department of Defense compile a list of Chinese military companies. Subscribe to Mint Newsletters * Enter a valid email * Thank you for subscribing to our newsletter. Join Mint channel in your Telegram and stay updated with the latest business news.

Source: Mint January 01, 2021 03:33 UTC