NYSE Reverses Course Again to Delist Chinese Telecoms. Here’s What Drove the Confusion—And Why It May Continue.

“If the NYSE is struggling to figure out the implications of this order and what to do to be in compliance, of course, the average investor is going to be broadsided,” says Anna Ashton, vice president of government affairs at the US-China Business Council. It’s unclear what spurred the exchange to initially delist the companies based on the guidance Treasury offered Dec. 28. But the company reversed course on its delisting decision after guidance it received Jan. 4 from Treasury’s Office of Foreign Assets Control.