According to the announcement of NYSE, all transactions of the three China operators will be suspended from 4: 00 am local time on July 7, 202 1 65438/kloc-0, and the delisting will be completed from July 7 to June 30.
These three China operators were blacklisted by the US Department of Defense in June and August, 2020 respectively, and the US Department of Defense slandered them as "enterprises controlled by China's military". In June 2020, 165438+ 10, Trump again issued an executive order prohibiting Americans from investing in China enterprises on the "blacklist" of the Ministry of National Defense.
NYSE claims that since Trump's executive order will take effect at 202 1 1 EST, the transactions of these China companies will be suspended at that time, so it is determined that these companies are "no longer suitable for listing".
Screenshot of NYSE announcement
"Affected by the executive order of the US government, NYSE will delist China's telecommunications giant", a screenshot of the report by Bloomberg.
Bloomberg pointed out that in the past decade, global exchanges, including the new york Stock Exchange, have been attracting China companies, especially Internet companies, to attract them to list overseas. Now, with the U.S. government's suppression measures, China companies may turn their attention to the domestic Hong Kong Stock Exchange and return to Hong Kong for listing.
Felix Salmon, an analyst at news website Axios, mentioned that China Mobile has the highest market value among the three companies. At present, the market value of US stocks is about11700 million US dollars, and it has been the mainstay of NYSE since its listing. He believes that this delisting may mean a wave of "de-globalization".
From June 2020 to June 65438+February, the US Department of Defense listed 35 China enterprises, including Huawei, Hikvision and SMIC. The US Department of Defense also claimed that it would continue to update this "blacklist" under "appropriate circumstances".
Influenced by Trump's executive order, many American index companies, such as Morgan Stanley Capital International (MSCI), Standard & Poor's Dow Jones and FTSE Russell, have issued announcements to remove some securities of China from the "blacklist" of the US Department of Defense.
Reuters pointed out earlier that the U.S. Congress and government are increasingly looking for reasons to restrict China enterprises from entering the U.S. market, and the U.S. government is risking conflict with Wall Street to suppress China enterprises. Due to the rising anti-China sentiment of the two parties in the US Congress, the Biden administration may continue the Trump-era policy of suppressing China after it came to power in June+10, 5438.
On June165438+/KLOC-0 18, China Foreign Ministry spokesperson Zhao said that the China government and relevant regulatory authorities have always believed that in today's highly globalized capital market, strengthening the supervision of information disclosure of listed companies and improving the professional ethics and professional quality of auditors is to protect the legitimate rights and interests of investors.
In order to create a good environment for the healthy and orderly operation of the global capital market, China and the United States should proceed from the same interests and openly engage in dialogue and cooperation. This is the correct way to solve the problem.
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