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Delisting Chinese Companies to Hurt US Reputation: Ministry

CHINA PRESS

The U.S. will cause damage to the rights of global investors and undermine faith in its capital markets by punishing Chinese companies, the Ministry of Commerce said last week following the New York Stock Exchange's delisting of China Mobile, China Telecommunications and China Unicom. The measures will have a limited impact on the financing and operations of the three companies as the percentage of stocks listed and traded in the U.S. is small, the Securities Times reported citing Shen Meng, the executive director at Chanson Capital.

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