China Telecom Corp Ltd ADS (CHA) News
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CHA News Highlights
- For CHA, its 30 day story count is now at 35.
- Over the past 20 days, the trend for CHA's stories per day has been choppy and unclear. It has oscillated between 1 and 25.
- STAY and STEP are the most mentioned tickers in articles about CHA.
Latest CHA News From Around the Web
Below are the latest news stories about China Telecom Corp Ltd that investors may wish to consider to help them evaluate CHA as an investment opportunity.
Huawei challenges U.S. FCC over national security threat designationHuawei Technologies Co has filed a legal challenge to the Federal Communications Commission's designation of the Chinese company as a U.S. national security threat to communications networks. The FCC in June formally designated China's Huawei and ZTE Corp as security threats, a declaration barring U.S. firms from tapping an $8.3 billion government fund to purchase equipment from the companies. In December the FCC rejected a petition from Huawei asking the agency to reconsider its decision. |
China awaits NYSE call on telecoms trioThe off-and-on saga of delisting three Chinese telecoms giants in the United States continues. The latest has seen China Telecom, China Mobile and China Unicom apply to the New York Stock Exchange to reverse delistings ordered by former president Donald Trump. It’s unclear at the moment what the exchange management will decide, or what new President Joe Biden’s stance will be on state-owned companies.However, a simple question may be asked: why bother relisting? Trump’s executive order banning… |
China Telecom, China Mobile and Unicom apply to New York Stock Exchange to reverse delistings ordered by Donald TrumpHours after Joe Biden was sworn in as the 46th president of the United States, China’s three telecommunications companies filed requests with the New York Stock Exchange (NYSE) to review their delistings, seeking to reverse the November 2020 executive order by Donald Trump to expel them.China Mobile, China Telecom and China Unicom said they asked for the trading suspension and delisting of their American depositary shares (ADSs) to be reversed while their review request is being considered. Under NYSE rules, a review must be scheduled at least 25 business days after receiving request.“Investors are cautioned that there is no assurance that the company’s review request ad stay request will be successful,” according to a statement by China Mobile to the Hong Kong stock exchange, the prima... |
Chinese telecom firms seek review of NYSE delisting decisionTelecom companies China Unicom Hong Kong Ltd, China Mobile and China Telecom Corp said on Thursday they had requested the New York Stock Exchange to review its decision to delist their American depositary shares. |
Blackrock sells $200m China Telecom stake after US banBlackrock has offloaded almost all of its stake in China Telecom at a significant discount following a new ban on The post Blackrock sells $200m China Telecom stake after US ban appeared first on CityAM . |
BlackRock sells $200 mln China Telecom stakeThe world's biggest asset manager, Blackrock Inc, sold almost all its shares in China Telecom this week at a hefty discount, stock market filings showed on Friday. China Telecom is one of 44 companies subject to a new ban on U.S. investment. BlackRock sold 818 million shares at an average of HK$1.92 each on Tuesday, according to a Friday Hong Kong exchange filing. |
U.S. Blacklists Xiaomi in Widening Assault on China Tech(Bloomberg) -- Xiaomi Corp. plunged a record 10% after the Trump administration blacklisted China’s No. 2 smartphone maker and 10 other companies, broadening efforts to undercut the expansion of the country’s technology sector.The U.S. has targeted scores of Chinese companies for the stated purpose of protecting national security, but going after Xiaomi was unexpected. The Beijing-based company has been viewed as China’s answer to Apple Inc., producing sleek smartphones that draw loyal fans with each new release. The company, which vies with Huawei Technologies Co. for the title of China’s No. 1 mobile device brand, also makes electric scooters, earphones and smart rice cookers.The news was “really surprising to me,” said Kevin Chen, a Hong Kong-based analyst at China Merchants Securiti... |
U.S. Targets Xiaomi, Cnooc in Trump’s Late Anti-China Push(Bloomberg) -- The Trump administration blacklisted Chinese smartphone manufacturer Xiaomi Corp. for alleged military links along with the country’s third-biggest oil company over its drilling in the South China Sea, part of a final push to ratchet up pressure on Beijing before President-elect Joe Biden takes office.Xiaomi was one of nine firms added to the Defense Department’s list of Chinese military companies, a move that will restrict U.S. investments in its securities. Other firms include state-owned planemaker Commercial Aircraft Corp. of China Ltd., or Comac, which is central to China’s goal of creating a narrow-body plane that can compete with Boeing Co. and Airbus SE.Meanwhile, the Commerce Department’s move against China National Offshore Oil Corp., the nation’s main deepwater... |
Xiaomi Shares Plunge More Than 12% Over Inclusion on U.S. BlacklistBy Gina Lee |
Tracker Fund, Hong Kong’s biggest ETF, to stop new investment in stocks sanctioned under US executive orderTracker Fund, Hong Kong’s biggest exchange-traded index fund, will not add new purchases in companies sanctioned by the US to its HK$105.3 billion (US$13.6 billion) investment portfolio, adding to a series of market upheavals over the past two months.The decision by its manager State Street Global Advisors Asia came after several Wall Street investment banks decided to also delist warrants and other derivative products tied to China Mobile, China Unicom and China Telecom – three of the Chinese… |