China Mobile, Telecom, and Unicom will be delisted as U.S. ban investment in Chinese military-related firms

The New York Stock Exchange announced on 31 Dec. 2020 that China Mobile, China Telecom, and China Unicom Hong Kong will be delisted so as to comply with President Trump’s November executive order, which prohibits U.S. capital from investing in Chinese military-linked firms. NYSE will suspend their ADR trading from 7th to 11th of January, after which they will be delisted.

President Trump’s executive order will become effective at 9 a.m. ET on 11 Jan., prohibits U.S. individual investors, investment firm, and pension funds from trading or investing in the stocks or derivatives of 31 Chinese firms. In addition to the three telecommunication companies mentioned above, Huawei, Hikvision, China Communications Construction, and China Railway Construction are included as well. The order also stipulates that U.S. investors will not be allowed to hold any securities products of these 31 Chinese firms on or before 11 Nov. 2022.

#NewYorkStockExchange #ChinaMobile #ChinaTelecom #ChinaUnicom #Huawei #ExecutiveOrder #USChinaRelation #ExecutiveOrder

Source: Stand News #Jan01

https://bit.ly/2N2ctp2

In New Year's speech, Taiwan president again reaches out to China

In the New Year’s speech, President Tsai Ing-wen said that Taiwan was ready to have “meaningful” talks with China given that China was willing to put aside confrontation.

Taiwan, claimed by China as its sovereign territory, has come under increasing pressure from Beijing

China said ramping up military activity near the island responded to “collusion” between Washington and Taipei. Beijing views this a precursor to Taiwan declaring formal independence, a red line for China.

China, which stopped a formal talks mechanism in 2016 since Tsai won office, repeatedly rejected Tsai’s advances unless she accepts Taiwan is part of China, something Tsai has refused to do.

Source: Reuters #Jan01

https://www.reuters.com/article/newyear-taiwan/in-new-years-speech-taiwan-president-again-reaches-out-to-china-idUKKBN2961YH?edition-redirect=uk

#Taiwan #TsaiIngWen #China

Taiwan President Tsai Ing-wen urges Beijing not to misjudge the situation in New Year speech

In Taipei, President Tsai Ing-wen delivered a New Year's speech in which she reiterated her concern about the situation in Hong Kong and stressed that the military was not an option for resolving cross-strait differences, urging Beijing not to misjudge the situation.

In her 2022 New Year's speech at the presidential palace, Tsai Ing-wen set out the four main plans for her administration this year, including continuation on global engagement, maintaining the economic momentum, strengthening the social security network, and safeguarding Taiwan's sovereignty.

She said that the interference in the election of the Hong Kong Legislative Council and the arrest of media personnel had raised concerns about human rights and freedom of speech in Hong Kong.

"The pursuit of democracy and freedom is not a crime, and Taiwan's position in support of Hong Kong will not change. Aside from showing our concern, we will cherish our own hard-earned freedom and democracy even more deeply", Tsai said.

Source: Now News #Jan01

https://news.now.com/home/international/player?newsId=461848&refer=Share

#Taiwan #TsaiIngWen #LegislativeCouncil #Election #TheStandNews #Arrest #PressFreedom

[Translator note: Some wordings are following the report from Focus Taiwan, a CNA English News agency]