NYSE to delist three Chinese telecom firms, reversing course again

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The latest move marks the third about-turn, amid confusion over rules set by the Trump administration and escalating tensions within Washington on China policy.

The bourse had on Monday reversed a decision announced just last week to delist , China Telecom (NYSE:CHA) Corp Ltd and China Unicom (NYSE:CHU) Hong Kong Ltd after consulting with regulators in connection with the U.S. Treasury’s Office of Foreign Assets Control.

Plans to delist the three Chinese firms were prompted by a White House executive order banning U.S. investment in Chinese military-linked companies.

On Tuesday, Mnuchin told NYSE President Stacey Cunningham that he disagreed with the bourse’s prior decision.

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