While China’s lengthy and difficult lockdown shows no sign of abating, telecom authorities in many provinces recently stopped cellphone calls and text messages from outside the mainland, including from Hong Kong, Macau, and Taiwan, saying it is necessary to prevent fraudulent calls. The move adds to concerns over the Chinese Communist Party (CCP) expanding its lockdown…
Many Provinces Disconnect Receipt of Mobile Calls and SMS From Outside China
Chinese Telecom Providers Blocking International Calls and Texts on Some Mobile Services
May 19, 2022
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China’s state-run major mobile service providers have recently disabled the ability of users to receive calls and texts from foreign countries in the name of a crackdown on telecom fraud. Experts point out the move is a violation of citizens’ privacy and human rights. They also believe it’s just another way the regime further limits…
Investors Abandoning China Mobile Stocks Sets Record, China Telecom Fails Expectation
China Mobile returned to China’s A-share stock market after facing delisting from the U.S. exchanges. The company disclosed its A-share IPO results on Dec. 28. Investors relinquished as much as 756 million yuan (approx. $121 million) worth of shares, setting a new record for the abandonment of A shares. China Telecom, which was also delisted…
Chinese Telecommunications Company Forced to Leave Canada Due to Security Concerns
A Chinese telecommunications company will cease its operations in Canada on Jan. 5 to comply with a federal government order based on security considerations. State-owned China Mobile’s service CMLink recently announced its departure to its customers. The company, which has the most subscribers in the world at 942 million, offered mobile plans in Canada but…
Chinese Controlled Firm Loses Court Bid to Pause Ottawa’s Divestment Order
OTTAWA—State-owned China Mobile has lost a court bid for a temporary hold on Ottawa’s order that its Canadian affiliate be divested or wound up over national security concerns. In a ruling made public Tuesday, Federal Court Chief Justice Paul Crampton said the harms to the public interest posed by China Mobile International Canada’s continued operation…
FCC Commissioner Wants to Close the ‘Loophole’ Allowing China-Based Telecom Firms Access to US Networks
Americans have come to understand the national security threat posed by China-based telecom companies but they might be surprised to learn that equipment from these telecom firms continue to be used in U.S. networks, according to Brendan Carr, Federal Communication Commission (FCC) commissioner. The FCC last year banned carriers in the United States from using…
NY Stock Exchange Reverses Course Again, Will Delist Three Chinese Telecom Firms After All
The New York Stock Exchange said on Jan. 6 that it will delist three Chinese telecom companies beginning on Jan. 11, in another U-turn a day after U.S. Treasury Secretary Steve Mnuchin told the NYSE chief he disagreed with its earlier decision to reverse the delistings. The latest move marks the third about-turn, amid confusion over rules…
New York Stock Exchange Reverses Course Again, Will Delist 3 Chinese Telecom Firms After All
January 6, 2021
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The New York Stock Exchange said on Jan. 6 that it will delist three Chinese telecom companies beginning on Jan. 11, in another U-turn a day after U.S. Treasury Secretary Steve Mnuchin told the NYSE chief he disagreed with its earlier decision to reverse the delistings. The latest move marks the third about-turn, amid confusion…
Chinese Stocks Hit After US Delisting Notice
January 4, 2021
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WASHINGTON—Chinese stocks trading on U.S. exchanges dipped on Jan. 4 after the New York Stock Exchange announced that it would delist shares of China’s three large telecom companies in light of President Donald Trump’s new executive order regarding companies with ties to China’s military. On the first trading day of 2021, a sharp fall in…
NYSE Begins to Delist Chinese Telecom Giants in Compliance With Trump’s Order
January 1, 2021
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The New York Stock Exchange (NYSE) announced on Dec. 31 that it is in the process of delisting three Chinese telecom companies with ties to the Chinese military. The three state-owned companies—China Mobile Ltd., China Telecom Corporation Ltd., and China Unicom (Hong Kong) Ltd.—will see their securities suspended from trading between Jan. 7 and Jan….
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