Read more at The Wall Street Journal
The New York Stock Exchange will delist China’s three large telecom carriers, after a U.S. government order barring Americans from investing in companies it says help the Chinese military.
China Mobile Ltd. CHL -5.87% —which is among the most valuable of China’s listed state-owned enterprises—will be kicked off the Big Board after more than two decades, along with China Telecom Corp. CHA -8.29% and China Unicom Hong Kong Ltd. CHU -5.11%
The NYSE decision is the latest setback for U.S. investors in these companies, which rank among the largest global telecommunications providers but have largely lagged behind the broader markets since the companies began listing here more than two decades ago.