Three Chinese telecommunications companies went off the New York Stock Exchange

The stock indices of Chinese companies are shown in the composite image of the Chinese flag – Artwork: BLOOMBERG

According to the AFP news agency, in a statement issued today 1-1, the New York Stock Exchange said that the share trading activities of three companies China Mobile Communications, China Telecommunications Corp and China Unicom (Hong Kong) Limited will close the next week.

In November 2020, US President Donald Trump signed an executive order prohibiting US citizens from investing in Chinese companies that are believed to “provide or support the Chinese military and Chinese safety nets.” National. “This decree was harshly condemned by Beijing.

President Trump’s presidential decree lists 31 companies that the US administration says China has used to “further exploit” US investment capital to finance military and intelligence operations. including the development and deployment of weapons of mass destruction.

It is one of several executive orders and management measures introduced by the Trump administration to control the size of China’s military and economic activities in recent months.

Trump’s decree prohibits American individuals and companies from buying shares in any of the 31 Chinese companies listed in the decree, including a company that specializes in providing surveillance systems. video Hikvision and China Railway Construction Company.

At the time of Trump’s enactment, National Security Advisor Robert O’Brien said the ordinance would prevent Americans from accidentally supplying passive capital to listed Chinese companies. many international stock exchanges, thus supporting the Beijing military and intelligence review.

With his slogan “America first,” President Trump describes China as America’s greatest risk and global democracy. Trump waged a trade war with China, campaigning to boycott Chinese tech companies and blame China for the COVID-19 pandemic.

Other stock index providers, including MSCI Inc, S&P Dow Jones Indices and Nasdaq, have removed Chinese company names from their list.