The New York Stock Exchange plans to delist three state-owned Chinese telecommunications companies from U.S. stock exchanges by Jan. 11, following President Donald Trump’s November executive order prohibiting U.S. investment in companies that Washington says support the Chinese military.
American depository shares (ADS) in the three Chinese telecoms—China Telecom, China Unicom Hong Kong, and China Mobile—fell after news of the planned delisting broke Friday. But the move won’t block Americans from owning shares in any of the three companies. U.S. investors can keep a hold of their stakes by exchanging their ADS holdings for shares listed in Hong Kong, where all three dual-listed telecoms trade on the Hong Kong stock exchange.
