China Mobile share price retreats following Shanghai debut surge

China Mobile’s share price has retreated following a surge after it listed on the Shanghai Stock Exchange.

The world’s largest mobile operator by total subscribers was delisted from the New York Stock Exchange (NYSE) following the Trump administration’s decision to restrict investments in Chinese technology firms.

China Mobile’s shares increased by ~8.5 percent from its offering price of 57.58 yuan but over the next six hours had returned to around its offering...

5 January 2022 | China Mobile

New York Stock Exchange backtracks on plan to delist Chinese telcos

The New York Stock Exchange (NYSE) no longer plans to comply with a Trump administration order to delist Chinese telecoms groups.

NYSE began proceedings to delist China Mobile, China Unicom, and China Telecom last week after the order signed by President Trump in November.

The order is designed to prevent transactions in securities “designed to provide investment exposure to such securities, of any Communist Chinese military company” by any person in the...

5 January 2021 | Legislation & Government