It's no big deal for the three major operators to withdraw from the US

After several twists and turns, China's three major telecom operators finally confirmed that they would officially delist from the US stock market on March 9. Delisting was not the original intention of the three major operators. The US government, in order to suppress China's development, forced Chinese companies to delist from the US. The despicable means and sinister intentions are known to the world.

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Regarding the U.S. government's practice of implementing executive orders for political purposes, completely disregarding the actual conditions of relevant companies and the legitimate rights and interests of global investors, and seriously undermining normal market rules and order, the three major operators all stated that they will continue to closely monitor the progress of related matters, seek professional advice and reserve all rights to protect the company's legitimate rights and interests.

But is the United States' retrograde behavior really beneficial to itself and detrimental to Chinese companies? I don't think so.

The three major operators have issued American depositary receipts and have been listed on the New York Stock Exchange for nearly or more than 20 years. They have always complied with the rules and regulatory requirements of the US securities market and have been generally recognized by global investors. Now they are being delisted from the New York Stock Exchange. The unfounded charges are speechless. In fact, the United States has two intentions in forcing Chinese companies to delist: one is to cut off the financing path of Chinese companies and accelerate decoupling from China; the other is to hit Chinese companies and drag down the Chinese economy. But the problem is that in the context of economic globalization, it is not only in the United States that you can get financing. Recently, many Chinese companies have taken the initiative to delist from the US stock market and choose to list in Hong Kong, which shows that the United States is not the only choice. What's more, capital is profit-seeking. If American capital cannot invest in Chinese companies in the US stock market, can it not invest in Chinese companies in Hong Kong or through other channels? As long as Chinese companies can make them money, I believe that American capital will find ways to achieve its goals. Therefore, forcing Chinese companies to delist and decouple from the world's second largest economy is stupid, and the United States will eventually shoot itself in the foot.

For Chinese companies, delisting from the US is not a big deal. When the three major operators went public in the US, their goals were nothing more than three: financing, internationalization and the construction of a modern enterprise system.

First of all, we had a good idea at the beginning, using American funds to accelerate the construction of China's communications industry. But to be honest, the three major operators did not issue a large number of depositary receipts in the United States, so they did not raise much money. On the contrary, in the past decade, due to China's huge, fast-growing and vibrant mobile communications market and mobile Internet industry, the three major operators have benefited many American investors. After joining the WTO, Chinese companies began to enter the international market, and the three major operators also planned to expand into the international market. Listing in the United States is conducive to international development. Therefore, many large Chinese companies have chosen to list in the United States with the intention of expanding into the international market.

Secondly, listing on the US stock market can indeed speed up the construction of a modern enterprise system. However, today, the situation has changed a lot. Take the three major operators as an example. They cannot raise much money by listing in the United States, and their internationalization is not smooth. As for the construction of a modern enterprise system, we have learned what we should learn, but we still need to focus on Chinese characteristics. Therefore, the significance of continuing to be listed on the US stock market is not that important. Maintaining the status quo and participating in global competition is the best state.

Finally, the current US government thinks that by driving Chinese companies out of the US stock market and preventing US capital from entering Chinese companies, they can interrupt China's modernization process and strangle China. This is a bit naive. If the three major operators delist, they will be delisted. There is nothing to be nostalgic about in US stocks. On the contrary, speeding up listing in Hong Kong and the mainland, so that the general public can also share some of the dividends of reform and let more people feel a sense of gain in the great development of the information and communication industry, that is the true social value of state-owned enterprises.