Tencent and Alibaba Group Holding, along with food-delivery giant Meituan and carmaker Geely Automobile Holdings, were among the stocks helping propel the rally.
The government has sent notices to Chinese companies regarding the same
American depositary shares of RLX Technology Inc jumped 86% in their U.S. stock market debut on Friday, giving the Chinese vaping firm a market capitalization of nearly $35 billion.
If President-elect Biden doesn't reverse the move, American investors will be prohibited from buying securities of companies on the list
The move startled investors because previous bans focused on Chinese companies with military ties
Trump admin took another swipe at China and its biggest firms, imposing sanctions on officials and companies for alleged misdeeds in South China Sea and imposing an investment ban on nine more firms
Senior officials in the administration had been considering plans to add the firms to a list of alleged Chinese military companies, which would have subjected them to a new US investment ban
The era of tech nationalism launched with India banning Chinese tech platforms and telecom equipment
Goldman Sachs estimated some $77.5 billion in China offshore bonds could face restrictions
Global index publisher said it will delete China Mobile, China Telecom and China Unicom Hong Kong from its global indexes
(Reuters) - S&P Dow Jones Indices said on Wednesday it will remove the American Depositary Receipts of three Chinese telecom companies, China Mobile Ltd, China Telecom Corporation Ltd and China Unicom (Hong Kong) Ltd, from its benchmarks.
NYSE said it'll delist three Chinese telecom firms, confirming latest U-turn on the matter a day after US Treasury Secretary told NYSE chief he disagreed with an earlier decision to reverse delistings
China's government on Wednesday accused Washington of misusing national security as an excuse to hurt commercial competitors
NYSE is reconsidering to allow three Chinese telecom giants to remain listed, the latest twist amid confusion over rules set by the Trump administration and tension within Washington on China policy
Hong Kong-traded shares in the state-backed firms, China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd, surged following the news
The New York Stock Exchange said on Monday it no longer intends to move forward with the delisting of China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd
China's three biggest telcos saw their shares drop as much as 5% in Hong Kong, the first trading session since NYSE said it would delist the firms under a plan China branded "political"
China's securities regulator on Sunday said New York Stock Exchange (NYSE) plans to delist three Chinese telecom firms are "political" and that the impact will be "limited"
In its final weeks before President-elect Joe Biden takes office on Jan. 20, the Trump administration has stepped up its hardline stance against China
The NYSE is starting the process of delisting securities of three Chinese telecom companies, after Trump barred US investments in Chinese firms Washington says are owned or controlled by the military