NYSE To Delist Chinese Telco Giants on US Executive Order (bloomberg.com) 82
The New York Stock Exchange said it will delist three Chinese companies to comply with a U.S. executive order that imposed restrictions on companies that were identified as affiliated with the Chinese military. From a report: China Mobile, China Telecom, China Unicom Hong Kong will be delisted between Jan. 7 and Jan. 11, according to a statement by the exchange.
What about delisting ... (Score:4, Insightful)
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Why don't flag-waving US companies set up factories in Central America?
Plenty of cheap labor and with the hysteria over wall-building, to strengthen regional economies in, say, Nicaragua would lessen the push factors. You win, they win.
Better than bribing Foxconn to construct an empty building in Wisconsin.
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Why don't flag-waving US companies set up factories in Central America?
You really have no idea what the US has been doing to those countries for the last hundred years do you...
Re:What about delisting ... (Score:4, Funny)
It appears kids these days think "banana republic" is only a clothing outlet.
Re: What about delisting ... (Score:2)
Mostly too much political corruption and too much gang violence. Chances are very high that if you invest in anything over there, you'll probably lose it unless you either pay protection money or bribe politicians, both of which will probably land you into trouble with the US government.
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Yeah, damn those *checks notes* Republican leaders for opening trade relations with China.
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Re:What about delisting ... (Score:5, Insightful)
The consensus was that economic liberalization would lead to political liberalization, and China would become yet another democratic Asian Kitten like Taiwan and South Korea.
That strategy worked in Central Europe. Back in the 1990s, it appeared to be working in Russia too.
Unfortunately, that is not what happened.
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China has become much like certain Western countries, only it doesn't hide what it is so well.
Just look at all the people defending family separations and kids in cages because "it's the law". Lots of stuff is the law in China too, it's just that they are bad guys and we are good guys.
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reminds me of this cartoon:
https://chander.typepad.com/ph... [typepad.com]
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Re: What about delisting ... (Score:2)
That is actually not the problem.
Them somehow thinking their actions are good for their own people, is.
A benevolent dictator that listens to the wisest of the nation and dismisses the cries of those literally too stupid or brainwashed for their own good, would even do the US some good compared to democracy. (Which is why the senate and congress exist and make it not an actual (=direct) democracy but still enough to let idiots have power.)
Of course the core problem there is: How do you know who is wise and w
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Re: What about delisting ... (Score:2)
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Re: What about delisting ... (Score:2)
America here.
Whar's the difference?
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Re: What about delisting ... (Score:2)
That's usually called ... lawmaking. :)
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Cool. (Score:1)
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Re: Cool. (Score:2)
And what do you think those entities that do the manufacturing do? Magically be allowed to exist in defiance of their own govrnment's laws? Go try that ... in the US too.
What would you do, if a Chinese-originated business uses the same strategy that apparently you morons can't see through?
Gotta get that last bit of wasted effort in... (Score:2)
It will just be reversed two weeks later when Biden comes in.
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Re:Gotta get that last bit of wasted effort in... (Score:4, Interesting)
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FDR could speak without sounding like Porky Pig. And even Porky Pig could eventually finish a sentence and be coherent, without being shot up with focus and energy juice.
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Presidents must give up the right to drive permanently, even after leaving office. It's part of the Secret Service's protection so the only way to get it back is to drop your lifetime SS protection after you're no longer president.
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Well, the alleged president passed his Alzheimer's Test with flying colors, so you have that going for you. Admittedly he mistook it for an intelligence test, so we know that he's probably not completely in the clear. I suppose there are all those baseless conspiracy theories he believes in, but that isn't reflective of brain function, now is it?
We do know how to make him disappear into a bunker in fear though, hold a protest outside the White House.
Re: Gotta get that last bit of wasted effort in... (Score:2)
Stop trollmoderating parent! His argument is valid, no matter his ridiculois pro-Trump stance!
YES, BOTH your "choices" are mentally debilitated puppets. Because that is the role of te president. A figurehead, with just as much control of the ship, to be replaced like an oil filter, one he has worn off his distractive abilities and is soaked in hate meant for the actual actors.
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How do you conclude I am "pro Trump"? Trump is a buffoon and won't listen to wise or expert counsel, and is using two psuedo-conservative news outlets to 'energize' with outrageous fabrications and conspiracy theory nonsense as a fund drive for his PAC that has over $250M thus far. We should be worried about what that PAC is for.
Re:Gotta get that last bit of wasted effort in... (Score:5, Insightful)
Guess you haven’t heard Trump speak off script...
Re:Gotta get that last bit of wasted effort in... (Score:4, Funny)
Guess you haven’t heard Trump speak off script...
Trump had a script?
Re: Gotta get that last bit of wasted effort in... (Score:2)
Trump just says whatever the hell he's thinking at any particular moment. What on earth makes you think he has ever had a script?
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Biden is irrelevant. He cannot string more than 4 or 5 words together lately without stuttering all over himself.
And he won the debates. ;)
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I love the desperate lies of the butt hurt Trumpers. You lost 60 times get over it.
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You quote the nypost as somehow authoritative? I suppose if your bar is low enough, even you can limbo under it.
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Oh please, just because somebody isn't on board with your twitter fatwa doesn't make them an infidel.
Oh, my choice of terms is a deliberate metaphor.
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> It will just be reversed two weeks later when Biden comes in.
That will be great, since the companies aren't in compliance.
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I hope so. The end to this trade war will be good for everyone.
Continuing it will be very, very bad. The Chinese have been waiting to see what the outcome of the election would be and what the new administration does. If they don't reverse then China will start major retaliation, and that will hurt a lot of ordinary Americans who don't deserve to be caught up in this.
Thank you note from HK Stock Exchange (Score:3)
Hard to say if London would reap any benefits, but the HK Stock Exchange definitely stand to benefit greatly from this, its stock price had already gained over 40% compared to Dec 2019 (pre-covid).
With China being the only major economy to have positive growth in 2020 and also have good outlook for 2021, it is a really nice gift for Trump to push new Chinese IPO to HKSE instead NYSE.
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Did you seriously just make the argument "If you're making money, then why bother making even more money" ???
Re:Thank you note from HK Stock Exchange (Score:5, Interesting)
If their economy is so great and growing, then why bother listing on the NYSE to begin with? hmm.
Getting foreign investment money.
The main reason Chinese companies listing in exchanges outside China is so to make it easy for foreign investors to buy their stock, which is one way to easily obtain lots of USD cash. They could do the same by listing in other exchanges such as in London or HK or Singapore.
It used to be that listing in NYSE also give some privileged status to the Chinese companies. Well, thanks to Trump, there is now no doubt that listing in NYSE is actually a liability to these companies. London or Singapore may have a similar risk to a lesser extend (not to mention Brexit for London), so HKSE would be the most logical choice now.
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Singapore is likely better for foreign investment. London is obviously susceptible to similar issues as NYSE. HK is under China control, so it may scare away some investors. Singapore is seen as sitting in the middle between US and China politically and working hard on maintaining this neutrality.
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The only ones which lose in this are our banks and pension funds.
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Money is fungible, the ChiComs won't care, there are other stock exchanges. The entities hurt in the wallet by the alleged administration are the American farmers and the taxpayer who are having to bail them out now that they cannot easily sell to China. And it is a gift that will keep on giving because China now knows to stay away from American farmers. MAGA!
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They can't list on HKSE though. HKSE has a "one share, one vote" for all listed companies. These Chinese companies all list in the US so they can issue non-voting stock, and sell a dubious concept of "ownership" without voting rights.
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They can't list on HKSE though. HKSE has a "one share, one vote" for all listed companies. These Chinese companies all list in the US so they can issue non-voting stock, and sell a dubious concept of "ownership" without voting rights.
Your information was out of date. That rule was changed recently and Alibaba already got listed in HKSE with different voting rights.
BTW, lots of US & UK companies played the same game to keep their power while getting investor money. HKSE used to allow the same rules in colonial days, and the Brits only changed it when approaching 1997 before returning HK to China (some alluded it was intentionally to sabotage HKSE in favor of LSE). And recently that rule got changed back.
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Ah, the but Hillary tactic, it’s getting old now. For all her supposed faults, she did not try to destroy democracy they way Trump and his snivelling Rethuglican sycophants have. The true denial of reality is squarely the territory of Trumpers, who would be happy with martial law and a millitary coup to cheat. The cognitive dissonance in your post is stunning.
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Actually the analysis of the actual votes showed that Gore won, Of the 9 different ways that you could analyze the votes in 7 of them Gore won. The only two ways that Shrub won was by excluding legal votes, even ignoring the manipulation of the Sarasota mail-in votes.
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You have a funny understanding of the stock market. Anyhow, what will sink the American reserve currency is the eye popping debt, made much worse under the alleged administration. Medicare runs dry shortly and SS is not far behind. And forget shoring up the Blue Haired with increased taxes for those programs that they depend on, the R's in Congress will stop them and declare any increase is a communist plot to defund the R's.
Good step (Score:2)
US cannot comprehend that not every country follows capitalism and free trade. Selectively delisting companies and favoring others is a step in the right direction though.
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Ban Chinese goods (Score:1)
It's not like ... (Score:2)
It's hilarious ... (Score:2)
That Trump thinks his actions won't have any consequences because he still thinks the US is all-powerful.
As if the Saudis simply selling their oil to China, when the US demanded a price that would have made them a loss, in the 2000s, taught him nothing.
But go on... dismantle the former world bully even more... Nobody complains.
(If only China would not be a just as bad drop-in replacement...)