S&P Dow Jones to no longer remove ADRs of Chinese telecom companies
S&P Dow Jones Indices said on Wednesday it will no longer remove ADRs of three Chinese telecom giants from its benchmarks after the New York Stock Exchange said this week it no longer plans to delist them.
The NYSE said late Monday it reversed a decision announced just last week to delist China Mobile Ltd , China Telecom Corporation Ltd and China Unicom (Hong Kong) Ltd after consulting with regulatory authorities.
However, the bourse is reconsidering and could reverse its decision yet again amid confusion over rules set by the Trump administration and tension within Washington on China policy.