January 2, 2021 at 9:02 PM
Post count: 173
I had a detailed reply to one of the other threads that didn’t post for some reason.
Here are the key points:
- The executive order from November: https://www.federalregister.gov/documents/2020/11/17/2020-25459/addressing-the-threat-from-securities-investments-that-finance-communist-chinese-military-companies
- Confusion abounds. This is a major goat rope. However, the last day of liquidity on the NYSE for CHL is 1/4/2021, so US-based accounts would be wise to sell
- TD Ameritrade told me the reason I hadn’t had any communication from them was that CHL was not on the list of stocks that they had that were affected (even though it is clearly in the EO). Trying to get a copy of THAT list became an exercise in “you can’t get there from here” (see previous bullet)
- Trading will be suspended from 1/7 to 1/11 (see https://www.bloomberg.com/news/articles/2021-01-01/nyse-to-delist-chinese-telco-giants-on-u-s-executive-order). This implies a resumption of trading after 1/11, but I am not counting on it.