NEW YORK STOCK EXCHANGE REMOVES 3 GIANT CHINESE TELECOMMUNICATIONS COMPANIES FROM ITS INDEX

The three Chinese companies have preferred listings in Hong Kong and all of them receive most of their earnings from China and do not have a strong presence in America and their shares are listed on the stock exchange slightly.

This means that trying to de-demystify them off the NYSE is only a symbolic blow amid the simmering economic war between both the United States and the Chinese government.

In an effort to put pressure on Beijing, U.S. President Donald Trump signed an order in November 2020 banning U.S. investments in Chinese companies owned or controlled by the Chinese military.

The executive order also prevented U.S. investors from buying and selling shares of Chinese companies identified by the Pentagon as having military ties.

The Chinese Foreign Ministry described the U.S. government's practices as brutal slander and pledged that the Chinese government would protect its companies from this injustice.

The Chinese government has also threatened to respond to the Trump administration's earlier actions by creating a blacklist of U.S. companies that will be treated in the same way.

Despite the end of the Trump era, U.S. policy will continue to persecute Chinese companies and hope that the war between Washington and Beijing will end in the new year 2021.