NYSE withdraws plans to delist 3 Chinese phone carriers
4 years ago

NYSE withdraws plans to delist 3 Chinese phone carriers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The New York Stock Exchange says it is withdrawing plans to remove shares of three Chinese state-owned phone carriers under an order by President Donald Trump The exchange cited “further consultation” with U.S. regulators but gave no other details of its decision in a notice issued late Monday. The NYSE earlier announced plans to remove China Telecom Corp. Ltd., China Mobile Ltd. and China Unicom Hong Kong Ltd. after Trump's order in November barring Americans from investing in securities issued by companies deemed to be linked to the Chinese military. Political analysts expect little change in policy under President-elect Joe Biden due to widespread frustration with China’s trade and human rights records and accusations of spying and technology theft.

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History of this topic

US cracks down on China Telecom's US unit over national security fears
4 weeks, 1 day ago

US cracks down on China Telecom's US unit over national security fears

Firstpost  

The source confirmed a New York Times report that the department last week sent China Telecom Americas a preliminary determination that its presence in U.S. networks and cloud services poses U.S. national security risks and gave the company 30 days to respond Flags of U.S. and China are seen in this illustration picture. File image/ Reuters The U.S. Commerce Department …

At least eight US telecom firms compromised by Chinese hack campaign, White House says
1 month, 1 week ago

At least eight US telecom firms compromised by Chinese hack campaign, White House says

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy At least eight U.S. telecom firms have been compromised by …

Banned or not? Why there is confusion over restrictions on iPhone use in China
1 year, 4 months ago

Banned or not? Why there is confusion over restrictions on iPhone use in China

Firstpost  

China has denied issuing any ban on the ‘purchase or use’ of Apple’s iPhones. The remarks by its foreign ministry spokesperson come after multiple media reports said last week that staffers at central government agencies have been forbidden to use the smartphone at the workplace China has denied banning Apple’s iPhones for government staff at work. “China has not issued …

Five major Chinese firms to delist from New York Stock Exchange amid US-China tensions over Taiwan
2 years, 5 months ago

Five major Chinese firms to delist from New York Stock Exchange amid US-China tensions over Taiwan

Firstpost  

Sinopec and PetroChina – two of the world’s biggest energy firms – are among the companies that will apply for “voluntary delisting” of their American depositary shares Beijing: Five major Chinese companies including two of the country’s largest oil producers will delist from the New York Stock Exchange, the firms said in filings on Friday. Sinopec and PetroChina – two …

Didi’s disastrous foray onto Wall Street is over
2 years, 7 months ago

Didi’s disastrous foray onto Wall Street is over

CNN  

Hong Kong CNN Business — Shareholders voted Monday in favor of Didi’s plan to quit the New York Stock Exchange less than a year after China’s largest ride-hailing firm launched its $4.4 billion initial public offering. Just days after Didi’s Wall Street debut last summer, Chinese authorities banned the service from app stores in the country, and initiated a cybersecurity …

Didi departure from NYSE marks end of Wall Street romance with Chinese big tech
3 years, 1 month ago

Didi departure from NYSE marks end of Wall Street romance with Chinese big tech

Hindustan Times  

The Chinese ride-hailing giant Didi Chuxing's announcement that it will delist its shares from the New York Stock Exchange marks the end of a cushy relationship between Wall Street and Chinese tech giants, who are under siege from authorities in Beijing and regulators in America. An American flag is pictured in front of the logo for Chinese ride hailing company …

Premarket: Didi’s delisting could spell the end for Chinese stocks on Wall Street
3 years, 1 month ago

Premarket: Didi’s delisting could spell the end for Chinese stocks on Wall Street

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. “Didi’s repatriation to is a significantly worrying indicator for the larger US-Sino economic relationship,” Brock Silvers, chief investment officer at Kaiyuan Capital in Hong Kong, told me. “Beijing essentially forced Didi’s hand.” Shortly after its $4.4 billion initial public offering in the United States in late …

SEC temporarily halts approvals of new Chinese IPOs after Didi debacle
3 years, 5 months ago

SEC temporarily halts approvals of new Chinese IPOs after Didi debacle

CNN  

New York CNN Business — The Securities and Exchange Commission has told its staff to ask for more disclosures from Chinese companies seeking to go public in the United States before it will approve any plans for them to sell shares. The announcement Friday, first reported by Reuters, shows regulators are taking a much more cautious stance on Chinese companies …

Biden signs executive order expanding Trump-era ban on investments in some Chinese companies
3 years, 7 months ago

Biden signs executive order expanding Trump-era ban on investments in some Chinese companies

CNN  

Hong Kong / Washington, D.C. CNN Business — President Joe Biden has expanded a Trump-era ban on American investment in dozens of Chinese firms that Washington believes are linked to China’s military. The original order, signed by former President Donald Trump in November, applied to 31 Chinese companies that the administration said “enable the development and modernization” of China’s military …

U.S. court removes Xiaomi from blacklist
3 years, 10 months ago

U.S. court removes Xiaomi from blacklist

The Hindu  

A U.S. judge on Friday ordered Chinese smartphone maker Xiaomi be temporarily removed from a government blacklist that barred American investment in the company. Six days before Donald Trump left office last year, his administration cemented its trade war legacy against Beijing with a series of announcements targeting Chinese firms, including Xiaomi, state oil giant CNOOC, and social media darling …

In a final blow to China, Donald Trump administration halts Huawei suppliers
3 years, 11 months ago

In a final blow to China, Donald Trump administration halts Huawei suppliers

Live Mint  

NEW YORK/WASHINGTON: The Trump administration notified Huawei suppliers, including chipmaker Intel, that it is revoking certain licenses to sell to the Chinese company and intends to reject dozens of other applications to supply the telecommunications firm, people familiar with the matter told Reuters. In an email seen by Reuters documenting the actions, the Semiconductor Industry Association said on Friday the …

US blacklists Xiaomi, CNOOC, Skyrizon, raising heat on China
4 years ago

US blacklists Xiaomi, CNOOC, Skyrizon, raising heat on China

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Premarket stocks: America is in turmoil. But investors are focused on what comes next
4 years ago

Premarket stocks: America is in turmoil. But investors are focused on what comes next

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. “Even as the protesters marched to the Capitol building, stock markets stoically marched higher,” Rabobank analyst Bas van Geffen said. “The rationalization of these moves is a focus on the longer term: with the Democrats now looking set for majority in both the House and the …

NYSE bans Chinese telecom stocks in second about-face of the week
4 years ago

NYSE bans Chinese telecom stocks in second about-face of the week

CNN  

London CNN Business — The New York Stock Exchange will delist three Chinese telecommunications stocks to comply with an executive order from the Trump administration — its second about-face on the issue this week. The exchange said Wednesday that it would end trading of shares in China Mobile, China Telecom and China Unicom on Jan. 11. The exchange first announced …

NYSE reverses plan to delist Chinese telecom companies
4 years ago

NYSE reverses plan to delist Chinese telecom companies

CNN  

Hong Kong CNN Business — The New York Stock Exchange has reversed its decision to kick out three of China’s largest state-owned telecom companies. The exchange said late Monday that it no longer intends to delist the firms after “further consultation with relevant regulatory authorities,” and that they will continue to be listed and traded on the NYSE “at this …

Wall Street will kick out three big Chinese telecom companies
4 years ago

Wall Street will kick out three big Chinese telecom companies

CNN  

Hong Kong CNN Business — Washington’s battle with Beijing is escalating once more on Wall Street. The New York Stock Exchange will end trading in the shares of three of China’s largest state-owned telecom companies this month. China’s Ministry of Commerce, meanwhile, said in a statement on Saturday that Beijing would take “necessary measures” to safeguard the interests of Chinese …

China oil majors may face US delisting after NYSE drops telcos
4 years ago

China oil majors may face US delisting after NYSE drops telcos

Live Mint  

Chinese oil majors may be next in line for delisting in the US after the New York Stock Exchange said last week it would remove the Asian nation’s three biggest telecom companies. China’s largest offshore oil producer CNOOC Ltd. could be most at risk as it’s on the Pentagon’s list of companies it says are owned or controlled by Chinese …

China warns of retaliation for NYSE's delisting of companies
4 years ago

China warns of retaliation for NYSE's delisting of companies

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China said Saturday that …

New York Stock Exchange starts process to delist 3 Chinese telecom companies
4 years ago

New York Stock Exchange starts process to delist 3 Chinese telecom companies

Live Mint  

The New York Stock Exchange is starting the process of delisting securities of three Chinese telecom companies, China Telecom Corporation Limited, China Mobile Limited and China Unicom Limited, it said in a statement on Thursday. The move comes after President Donald Trump in November unveiled an executive order barring U.S. investments in Chinese companies that Washington says are owned or …

U.S. begins process of halting China Telecom in its domestic operations
4 years, 1 month ago

U.S. begins process of halting China Telecom in its domestic operations

The Hindu  

The U.S. Federal Communications Commission said on Thursday it begun the process of revoking China Telecom's authorisation to operate in the United States as it took further steps to crack down on China's role in U.S. telecommunications. The FCC in April had warned it might shut down the U.S. operations of three state-controlled Chinese telecommunications companies, citing national security risks, …

Trump administration readies crackdown on US investments in Chinese firms
4 years, 2 months ago

Trump administration readies crackdown on US investments in Chinese firms

Live Mint  

The Trump administration plans to unveil an executive order to prohibit U.S. investments in Chinese firms that Washington says are owned or controlled by the Chinese military, according to three sources familiar with the matter, ramping up pressure on Beijing after the U.S. election. The order, which could impact some of China's biggest companies, including telecoms firms China Telecom Corp …

WeChat removal could hit iPhone sales in China, analyst predicts
4 years, 5 months ago

WeChat removal could hit iPhone sales in China, analyst predicts

Daily Mail  

Chinese iPhone sales could decline up to 30 per cent if Apple is forced to remove WeChat from its App Store, an analyst has predicted. Last quarter, Greater China accounted for about 10 per cent, or around $6 billion, of Apple's total revenue, meaning Trump's ban could backfire by depriving the US economy. The app is owned by China's largest …

‘Disappointing and wrong’: China accuses West of ‘manipulation’ over UK ban on Huawei 5G
4 years, 6 months ago

‘Disappointing and wrong’: China accuses West of ‘manipulation’ over UK ban on Huawei 5G

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China has condemned the UK’s …

USA designates Chinese companies Huawei and ZTE as national security threats
4 years, 6 months ago

USA designates Chinese companies Huawei and ZTE as national security threats

Op India  

The US Federal Communications Commission designated Huawei Technologies Co. and ZTE Corp. as national security threats, in a move to drive out the Chinese manufacturers from the US market. The US telecommunications regulator issued the declaration and proposed requiring rural carriers to remove and replace equipment from the two Chinese companies from existing US networks. Image Source: Bharti Jain on …

US FCC designates Huawei, ZTE as national security threats
4 years, 6 months ago

US FCC designates Huawei, ZTE as national security threats

Al Jazeera  

‘We cannot and will not allow the Chinese Communist Party to exploit network vulnerabilities,’ the FCC chairman said. The Federal Communications Commission on Tuesday formally designated Chinese firms Huawei Technologies Co and ZTE Corp as posing threats to United States national security, a declaration that bars US firms from tapping an $8.3bn government fund to purchase equipment from the companies. …

Huawei takes out UK ads as pressure for 5G ban mounts
4 years, 7 months ago

Huawei takes out UK ads as pressure for 5G ban mounts

CNN  

London CNN Business — Huawei launched a major public relations campaign in the United Kingdom on Monday in a bid to persuade British politicians and the public that it can be trusted to help build the country’s 5G network. The Chinese telecom giant said it plans to take out a series of full page It comes as the United Kingdom …

Trump administration moves to cut Huawei off from global chip suppliers
4 years, 7 months ago

Trump administration moves to cut Huawei off from global chip suppliers

Op India  

A day after threatening to cut ties with China over trade-related issues, the Trump administration, in a major escalation, has issued a new rule Friday barring Huawei and its suppliers from using American technology and software. In an action that could ramp up tensions with China, the US administration on Friday decided to block shipments of semiconductors to Huawei Technologies …

Chinese shout 'Boycott Apple' as US goes after Huawei
5 years, 7 months ago

Chinese shout 'Boycott Apple' as US goes after Huawei

The Quint  

Beijing/San Francisco, May 19 As the Washington-Beijing trade war intensifies along with fresh restrictions on Chinese telecom giant Huawei in the US, there has been a significant rise in "Boycott Apple" movement in China. China has urged the US to stop "harassing overseas companies" and slammed US President Donald Trump's decision to sign a national emergency order that prohibits American …

No more Huawei in US? Trump blacklists Chinese telcos as 5G war intensifies
5 years, 7 months ago

No more Huawei in US? Trump blacklists Chinese telcos as 5G war intensifies

Live Mint  

Donald Trump ratcheted up his battle with China for dominance of 5G technology networks, moving to curb Huawei Technologies Co.’s access to the US market and American suppliers. The president signed an order Wednesday that’s expected to restrict Huawei and fellow Chinese telecommunications company ZTE Corp. from selling their equipment in the US Shortly afterward, the Department of Commerce said …

Trump Takes Aim At Huawei, Paves Way For Ban Of Foreign Telecom Equipment
5 years, 7 months ago

Trump Takes Aim At Huawei, Paves Way For Ban Of Foreign Telecom Equipment

NPR  

Trump Takes Aim At Huawei, Paves Way For Ban Of Foreign Telecom Equipment Enlarge this image toggle caption Tony Gutierrez/AP Tony Gutierrez/AP President Trump signed an executive order Wednesday designed to bar U.S. telecommunications networks from using equipment from foreign suppliers, a move apparently targeting Chinese telecom giant Huawei. The order declares a "national emergency" and says that "foreign adversaries …

China Mobile blocked from offering phone service in US
5 years, 8 months ago

China Mobile blocked from offering phone service in US

Associated Press  

NEW YORK — U.S. communications regulators on Thursday rejected a Chinese telecom company’s application to provide service in the U.S. due to national security risks amid an escalation in tensions between the two countries. The Federal Communications Commission on Thursday voted unanimously, 5-0 across party lines, to reject China Mobile International USA Inc.'s long-ago filed application. The company, which the …

Trump govt to block China Mobile in the US citing national security risks
6 years, 6 months ago

Trump govt to block China Mobile in the US citing national security risks

Firstpost  

The United States is set to impose tariffs on $34 billion worth of goods from China on July 6. The US government moved on 2 July to block China Mobile from offering services to the US telecommunications market, recommending its application be rejected because the government-owned firm posed national security risks. The Federal Communications Commission should deny China Mobile’s 2011 …

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