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SUSPENDING TRADES
In early January, the New York Stock Exchange (NYSE) announced that it was suspending trading of shares of three NYSE-listed Chinese telecom companies. China Mobile, China Telecommunications and China United Telecommunications Group Co. are listed mainly on Chinese exchanges but have been raising capital in the US market in recent years.
The Big Board's decision follows then-President Donald Trump's executive order last November banning ownership or trading of designated companies with ties to the Chinese military. Washington singled out 31 companies-another 13 were added later- with state ownership and management,...