Tag: New York Stock Exchange

NYSE Chief Warns of Potential New York Exit If Stock Transfer Tax Is Imposed

The New York Stock Exchange threatened on Tuesday to leave New York if lawmakers approve a proposal to tax stock sales. “The New York Stock Exchange belongs in New York. If Albany lawmakers get their way, however, the center of the global financial industry may need to find a new home,” Stacey Cunningham, the president of…


Chinese Companies, US Investors Could Accelerate Decoupling Amid NYSE Delisting

News Analysis The trend of Chinese companies leaving U.S. stock exchanges is likely to accelerate after the New York Stock Exchange announced plans to boot three Chinese telecom companies from the exchange. This is especially the case for state-owned enterprises (SOEs), as there’s a higher risk that SOEs are connected to the Chinese Communist Party…


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

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…


China in Focus (Jan. 5): Bio-Prevention Military Vehicles Patrol Streets

The pandemic is worsening in one Northern Chinese city. Military vehicles from the Center for Disease Control have been spotted patrolling the streets there. Is the cure actually worse than the disease? Stories behind China’s severe lockdown measures may hint at the answer. Chinese Billionaire Jack Ma is missing. That’s as his financial services company…


NYSE Says It No Longer Plans to Delist Chinese Telecom Giants

The New York Stock Exchange (NYSE) announced late Monday that it is scrapping its plan to delist three Chinese telecom companies with ties to the Chinese military. It marks an abrupt reversal after NYSE said on Dec. 31 that it was in the process of delisting the three three state-owned companies—China Mobile Ltd., China Telecom…


Chinese Stocks Hit After US Delisting Notice

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 Starts Process of Delisting Three Chinese Telco Companies

NEW YORK/WASHINGTON—The New York Stock Exchange is starting the process of delisting securities of three Chinese telecom companies, after President Donald Trump last month barred U.S. investments in Chinese firms Washington says are owned or controlled by the military. The move by the NYSE, which will limit U.S. investor access, follows global index providers MSCI…


NYSE Starts Process of Delisting Three Chinese Telecom Companies

NEW YORK/WASHINGTON—The New York Stock Exchange has started the process of delisting securities of three Chinese telecom companies, after President Donald Trump last year barred U.S. investments in Chinese firms that Washington says are owned or controlled by the military. The move by the NYSE, which will limit U.S. investor access, follows global index providers…