The Daily Caller is reporting today that the New York Stock Exchange is reversing the decision it made Thursday to delist three Chinese telecommunication operators.

The article reports:

“In light of further consultation with relevant regulatory authorities in connection with Office of Foreign Assets Control, NYSE Regulation no longer intends to move forward with the delisting action in relation to the three issuers which was announced on Dec. 31, 2020,” the Exchange announced in a press release Monday.

The NYSE had originally announced Thursday that it would delist three major Chinese telecommunications operators, including China Mobile, one of China’s most valuable NYSE-listed state-owned enterprises, in compliance with Executive Order 13959.

This decision is being made in anticipation of a China-friendly Biden administration taking control later this month. It is a reflection of the fact that under Biden China will go back to taking full advantage of America in every way possible.

The article concludes:

The NYSE’s reversal, coming in the twilight weeks of Trump’s presidency, highlighted the confusion surrounding the implementation and implications of a U.S. ban on Chinese firms deemed to have military links, Reuters reported.

Hong Kong-traded shares in the three companies had surged following the reversal’s news, according to further reporting from Reuters. The NYSE move also briefly raised the yuan to a new 30-month high, as markets saw it as a form of easing geopolitical tensions.

This is a true illustration of ‘follow the money.’ It would be interesting to see who was speculating on the rise of the yuan. That would tell us a lot.