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Chinese telcos test Biden on Day One with NYSE listing plea

State-run trio ask US exchange in unified requests to reconsider recent delistings

The decision by the New York Stock Exchange to delist three Chinese telecommunication companies came after dramatic U-turns by the exchange.   © Reuters

HONG KONG -- China's three largest telecommunications operators have asked the New York Stock Exchange to reverse its recent decision to have them delisted, and their timing suggests that the state-owned telcos are testing how beholden the administration of U.S. President Joe Biden will be to its predecessor's China policy.

The announcements from China Mobile, China Telecom and China Unicom appeared separately on the website of the Hong Kong Stock Exchange, where they are listed, before trading began on Thursday. Even though the disclosures were made separately, the content of each was nearly identical, indicating that the requests were made in concert.

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