Two Chinese Companies Excluded From US Stock Exchange

Two Chinese Companies Excluded From US Stock Exchange Two Chinese Companies are being excluded from the US stock exchange. The NYSE has begun work for the removal of two Chinese companies from the stock market under President Trump's decree last month. The New York Stock Exchange announced that it has initiated the necessary work to remove Chinese telecommunications companies from the stock market. While NYSE restricted the access of US investors to these companies, MSCI initiated the process after indices such as S&P Dow Jones, FTSE Russel and Nasdaq removed Chinese companies from their indices. In the statement made by the NYSE, it was stated that China Mobile Limited and China Unicom Limited did not provide the necessary compliance to be listed on the stock exchange, and it was stated that every transaction to be made in securities that could have any contact with these securities was prevented. US President Donald Trump signed a decree last month, citing the prevention of investment in Chinese military companies. The Pentagon noted that 35 Chinese companies fit this definition this year alone. NYSE stated that the trading ban on stocks could begin on January 7 or 11, while investors needed time to review and evaluate. Both companies that have been removed from the NYSE are also listed on the Hong Kong stock exchange.