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NYSE Mulls Reverting to Original Plan to Delist China Shares

  • Possible reversal follows Mnuchin call to NYSE’s Cunningham
  • Exchange’s surprise announcement caught White House off guard
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NYSE May Revert to Original Plan to Delist China Telecos
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The New York Stock Exchange is considering proceeding in delisting three major Chinese telecommunications firms after Treasury Secretary Steven Mnuchin criticized its shock decision to grant the companies a reprieve, said three people familiar with the matter.

The NYSE’s potential pivot follows a whirlwind 18 hours in which the exchange caught U.S. officials off guard, with the exasperation reaching the highest levels of the Trump administration. The back-and-forth also sowed deep confusion within global financial markets about the policy that set off the remarkable chain of events: an order signed by President Donald Trump in November that requires investors to unload Chinese businesses deemed a threat to U.S. national security.