S&P DJI Won't Remove China Telcos From Benchmarks
January 06 2021 - 1:02AM
Dow Jones News
By Ben Otto
S&P Dow Jones Indices will no longer remove China's three
largest telecommunications companies from its benchmark indices, a
decision that comes a day after the New York Stock Exchange
reversed course on plans to delist the firms.
S&P DJI said in an emailed statement Wednesday that the
American depository receipts of China Mobile Ltd., China Telecom
Corp. Ltd. and China Unicom (Hong Kong) Ltd. would remain in the
index provider's benchmarks. The company had planned to remove the
companies this week after the U.S. government said the telcos were
among companies involved with China's military.
S&P DJI said it was cancelling its deletion plans following
an announcement from the New York Stock Exchange this week that the
bourse had reconsidered its plans to delist the firms.
Write to Ben Otto at ben.otto@wsj.com
(END) Dow Jones Newswires
January 06, 2021 00:47 ET (05:47 GMT)
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