CHU - NYSE reverses decision to delist China telcos

The New York Stock Exchange says it no longer plans to delist China's big three telecommunications companies, lifting shares of China Telecom (CHA), China Mobile (CHL) and China Unicom (CHU) to big gains in Hong Kong trading.The NYSE says it changed its decision following "further consultation with relevant regulatory authorities in connection with Office of Foreign Assets Control."The NYSE had planned to drop the listings to comply with an executive order signed by Pres. Trump in November that order sought to bar U.S. companies and individuals from investing in firms that allegedly aided the Chinese military.CNOOC (CEO), China's largest offshore oil producer, also has been considered at risk since it is on the U.S. Department of Defense list of companies it says are owned or controlled by Chinese military.

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NYSE reverses decision to delist China telcos