SHANGHAI, Jan 5 — China Mobile shares ended with slight gains today in their debut on the Shanghai stock exchange after the telecoms giant was delisted in New York as tensions soared between Beijing and Washington.
That followed an executive order by former president Donald Trump banning Americans from investing in a range of companies deemed to be supplying or supporting China’s military and security apparatus. Some of China’s biggest tech and telecom firms listed on US stock markets in recent decades as they sought access to funding on more developed capital markets.China’s government has been encouraging companies to list on domestic exchanges as part of a push to keep big tech players closer to home and develop the country’s capital markets.
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