United States hit largest mobile operators in China

After the US government banned investing in companies related to the Chinese military-industrial complex, the New York Stock Exchange (NYSE) hit the largest mobile operators in China, reports Reuters .

The platform has begun the procedure for the exclusion of shares of China Telecom Corp Ltd (the first in the world by the number of subscribers), China Mobile Ltd (the fourth in the number of subscribers) and China Unicom (Hong Kong) Ltd. In the message of the exchange said that they do not qualify for listing.

The decision comes into force on January 11. The President of the United States Donald Trump signed a decree banning American individuals and legal entities from conducting any operations with securities of suspicious companies from China in November.

As noted by Bloomberg , the decision still looks symbolic, since the presence of Chinese operators in the United States minimum, and all three are listed on the Hong Kong stock exchange.

However, this may be followed by tougher sanctions. The fact is that the first charge of cooperation with the Chinese military and the collection of information was received by the telecommunications giant Huawei. After the scandal with him, the United States began to compile a list of companies that are engaged in similar activities.

For Huawei, the case ended with a ban on technologies and supplies of processors for equipment. The company is currently looking for a way to cope with problems and reorient itself to the domestic market in order to develop 5G communication systems. All three mobile operators are also actively involved in the development of 5G networks.

/OSINT/media/social.