China Mobile moved to Hong Kong and then Shanghai after the U.S. placed it on the blacklist for investment.
"It's important for Beijing to ensure this listing appears successful and smooth to prove that China has the wherewithal to accommodate its own companies on its own stock exchanges," Xiang" author of US-China Tech War, explained.
"But it won't be great for Chinese companies to lose the access to the US capital markets as it will be another step in the downward spiral of deteriorating bilateral relations."China Mobile departed the New York Stock Exchange after it was added to the U.S. investment blacklist, which bans Americans from investing in Chinese companies that allegedly aid Chinese military, intelligence and security services.
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