NYSE scraps plans to delist Chinese shares


NYSE scraps plan to delist Chinese telecoms shares. Those are shares of China Mobile, China Unicorn and Hong Kong. Decision to reverse this plan was after consultation with regulator SEC. It was decided that those 3 companies doesn't need to delist that quickly as new bill passed by House gives them up to 3 years to comply with new regulations. This is positive news for not only those 3 firms, but many Chinese firms that are listed on NYSE and Nasdaq. (Otto, Wall Street Journal)

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