China Unicom (Hong Kong) Ltd (CHU) News

China Unicom (Hong Kong) Ltd (CHU)

Today's Latest Price: $6.03 USD

0.56 (10.24%)

Updated Jan 8 7:00pm

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Ranked of 59 in Telecom - Foreign

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Latest CHU News From Around the Web

Below are the latest news stories about CHINA UNICOM (HONG KONG) Ltd that investors may wish to consider to help them evaluate CHU as an investment opportunity.

Chinese Telecom Companies Ask NYSE to Reverse Delisting Plan

• The Chinese telecom companies that the New York Stock Exchange is set to delist have asked for that decision to be reconsidered, according to regulatory filings submitted Thursday. In the waning weeks of the Trump administration, the NYSE said they planned to delist the companies’ shares due to an executive order barring Americans from investing in companies that do business with the Chinese military. • The Chinese government has hit 28 Trump administration officials, including former Secretary of State Mike Pompeo, with sanctions.

Yahoo | January 21, 2021

China’s Big Three State Telcos Seek Review of NYSE Delisting

(Bloomberg) -- China’s three biggest telecommunications firms said they requested a review of the New York Stock Exchange’s decision to delist their shares more than a week ago, a move triggered by an executive order issued by former U.S. President Donald Trump.The drama surrounding the delisting, which played out over a few days with the bourse at one point reversing the decision before enforcing it again, caused wild swings in the companies’ stock as investors were left with little time to react to the various moves. It also prompted some global equity indexes to remove the securities.In separate filings Thursday to the Hong Kong Stock Exchange -- where they’re also listed -- China Mobile Ltd., China Unicom Hong Kong Ltd. and China Telecom Corp. said that written requests had been fil...

Yahoo | January 21, 2021

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...

Yahoo | January 15, 2021

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...

Yahoo | January 15, 2021

Xiaomi Shares Plunge More Than 12% Over Inclusion on U.S. Blacklist

By Gina Lee

Yahoo | January 15, 2021

Wall Street firms reduce exposure to Chinese telcos as US ban approaches

Goldman Sachs, JPMorgan, and Morgan Stanley will delist 500 Hong Kong-listed structured products that are linked to China Mobile, China Telecom, and China Unicom

Rappler | January 11, 2021

Tracker Fund, Hong Kong’s biggest ETF, to stop new investment in stocks sanctioned under US executive order

Tracker 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…

South China Morning Post | January 11, 2021

BlackRock joins global funds in divesting Chinese telecoms stocks as US sanctions kick in

BlackRock, the world’s biggest money manager, has been selling stakes in three Chinese telecommunication providers after the US put them on its sanctions list and an investment ban kicked in from this week.The firm reduced its holdings in China Mobile, China Telecom and China Unicom in recent weeks and plans to keep selling, according to a person with knowledge of the matter. One of the biggest investors in the companies, BlackRock is responding to the executive order issued by President Donald…

South China Morning Post | January 11, 2021

Wall Street banks to delist derivative products linked to China Telecom, China Mobile and China Unicom in Hong Kong to comply with US sanctions

Goldman Sachs, Morgan Stanley and JPMorgan said they would delist 484 warrants and other derivative products linked to China Telecom, China Mobile and China Unicom stocks in Hong Kong later this month to comply with US sanctions on the three mainland telecom companies.The Wall Street banks will buy back the products from investors until January 22, according to stock exchange filings on Sunday.The delistings are unlikely to disrupt markets as they represent only about 4 per cent of more than 12…

South China Morning Post | January 10, 2021

Goldman Sachs, JPMorgan, Morgan Stanley to delist some Hong Kong products after U.S. ban

Products are linked to China Mobile, China Telecom and China Unicom

The Globe and Mail | January 10, 2021

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