"The company will continue to be listed on the New York Stock Exchange for the time being." At noon on January 5, China Telecom disclosed that China Telecom received a notice from the New York Stock Exchange, saying that the New York Stock Exchange had updated its decision and that the regulatory authorities of the New York Stock Exchange no longer intended to push forward the delisting action against the securities of the three Issuers (including China Telecom American Depository securities).

China Telecom said it would continue to list on the New York Stock Exchange. NYSE regulators will continue to assess the suitability of China Telecom and its continued listing status.

On the same day, China Unicom also announced that Unicom's red chip company will continue to be listed on the New York Stock Exchange.

Affected by the news, the three major operators opened lower and went higher. In the Hong Kong stock market, China Mobile rose more than 7%, China Telecom rose more than 8% and China Unicom rose more than 4% in the A-share market.

According to the latest announcement issued by the New York Stock Exchange on Tuesday, the delisting action against China's three major telecom operators will no longer be continued, and the three listed companies will continue to be listed and traded on the New York Stock Exchange. However, the NYSE said it would continue to assess the applicability of executive order 13959 to these issuers and its continued listing status.

Not long ago, on December 31, 2020, the New York Stock Exchange announced that it would start delisting procedures for China Telecom, China Mobile and China Unicom (Hong Kong), the three major Chinese telecom operators listed on the New York Stock Exchange, in accordance with the relevant provisions of the New York Stock Exchange Regulation.

"With the transition, the US government may gradually return to rationality." Fu Liang, an independent analyst in the communications industry, told the Securities Daily, "however, whether the transaction is made or not has no impact on 5g, nor on the three major operators. The scale of operators' ADR is small, and it is meaningless."

According to Wang Zhengnan, a senior observer in the communications industry, whether or not to continue trading in the US stock market will not affect the process of 5g construction. "The domestic 5g construction progress funds are abundant, the mode of mobile radio and television, telecom Unicom has basically realized the co construction and sharing, 5g is not so urgent this year, so it will not have much impact." Wang Zhengnan said.

As for whether the changes in the U.S. stock market will promote the listing of China Mobile and China Telecom a + H, Fu Liang told reporters that China Telecom's subsidiaries have many A-share listed companies, and the possibility of China Mobile returning to A-share has always existed, only limited by policies.

Wang Zhengnan told the "Securities Daily" that Hong Kong stock is the financing channel for many large enterprises, and it is necessary to avoid causing substantial fluctuations in the financing channel of the Hong Kong stock market. "We need to have a certain buffer before we can be listed in a shares. This time will be very long." Wang Zhengnan said frankly.