BEIJING: The New York Stock Exchange’s two reversals within a week over its decision to delist three Chinese telecom companies highlight the randomness and uncertainty of the United States’ rules and regulations, and harm its image as a global financial hub, officials and experts said yesterday.
The comments came after the NYSE said on Jan 6 it will delist the companies on Jan 11, in another flip-flop a day after US Treasury Secretary Steven Mnuchin reportedly told the bourse chief he disagreed with its earlier decision to reverse the delisting.