NYSE begins delisting process for three of China's state-run telecom giants

Trump administration says the companies are tied to Chinese military. But they don't need Wall Street as much as they once did

The New York Stock Exchange said it would delist China’s three big state-run telecommunications companies following an executive order from the Trump administration, in a symbolic severing of longstanding ties between the Chinese business world and Wall Street. The exchange said in a statement late Thursday that it would halt trading in shares of China Mobile, China Unicom and China Telecom by January 11.

It cited an executive order issued in November by the Trump administration that barred Americans from investing in companies with ties to the Chinese military.

The US Department of Defense had previously listed the three companies as having