The New York Stock Exchange is reconsidering its decision to halt the delisting of three major Chinese telecommunications firms after Treasury Secretary Steven Mnuchin told the exchange that he opposed the decision, according to a Bloomberg report.
The NYSE had announced Monday night that it no longer intended to delist China Mobil Ltd.
China Telecom Corp. Ltd.
and China Unicom (Hong Kong) Ltd.
after announcing plans to boot the companies from the exchange on New Year’s Eve.
The move was in response to a recent executive order signed by President Donald Trump banning Americans from investing in Chinese companies that support or supply the Chinese military.