The United States announced to the world that it would no longer force China's three major operators, but British companies rose to the challenge

On the last day of last month, the New York Stock Exchange announced that it would initiate the delisting procedures for China Unicom, China Mobile and China Telecom, the three major operators. Then, five days later, the New York Stock Exchange changed its attitude and announced again that it would no longer force the three major Chinese operators.

[[374488]]

The stock prices of the three major operators rose sharply

Since the beginning of this year, the United States has not stopped suppressing and restricting Chinese companies. First Huawei and then 360, many Chinese companies have entered the US "blacklist". When the three major Chinese operators went public in the United States, the United States took action again and blocked the three companies. However, this move actually has little impact. The three major operators issued ADRs in the United States, which accounted for only 2.2% of the three Chinese companies at most.

Even though the New York Stock Exchange stopped it, the share prices of the three companies did not fluctuate significantly. Instead, after the New York Stock Exchange announced that it would no longer enforce the ban, the share prices of the three companies on the Hong Kong Stock Exchange soared, which can be regarded as a blessing in disguise. As for why the New York Stock Exchange changed its attitude so quickly, it was actually the United States that was behind the scenes.

British companies rise to the challenge

After the United States stopped its small moves, unexpectedly, problems arose in the United Kingdom. On January 5, the FTSE Russell trading center in the United Kingdom suddenly announced that it would remove China Unicom and other companies from its A-share index at the request of the United States. The British move this time is puzzling. Did they not receive the news from the New York Stock Exchange, or did they have other intentions? It is really puzzling.

International stock exchanges like the New York Stock Exchange and FTSE Russell have been able to gain a foothold for a long time because of their fairness and inclusiveness. However, if this happens again and again, more companies will lose confidence in it. Now the New York Stock Exchange has realized its own problems and corrected its mistakes in time. However, FTSE Russell still faces difficulties head-on. Can it be understood as a provocation to us?

Summarize

Since March this year, the UK has been playing the role of "pawn" while the US is making small moves behind the scenes. But at the same time, the UK has always wanted to strengthen trade cooperation with my country, hoping to use the Chinese market to restore the economy. It must be said that the wishful thinking is really good. At the time of Brexit, the UK expressed its desire to cooperate with the Chinese market, but its current actions can be said to be a slap in its own face.

The International Securities Exchange Center is a springboard for major global companies to develop to a higher platform, involving the interests of thousands of people. If it affects companies preparing to go public due to some other reasons, it will destroy its own reputation and ultimately hurt itself. When its "big brother" chooses to make concessions, it still has to face the difficulties. The UK is really stubborn this time. What do you think?