Treasury Names Three Chinese Telecoms That Exchanges Must Delist
- NYSE says Wednesday morning it would proceed with delisting
- Mnuchin had complained to NYSE chief about earlier reversal
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The Treasury Department issued fresh instructions to markets to cut off U.S investment in companies tied to China’s military, explicitly naming three telecommunications firms that exchanges and indexes must delist by the end of the year.
Even before the new guidelines were issued, the New York Stock Exchange said Wednesday morning it would proceed with a plan to delist the companies, its second about-face this week.