The US Treasury has postponed restrictions on trading in Chinese companies with links to the military from May 27 to June 11, according to CNBC. The decision grants a grace period to investors to comply with the investment ban imposed by former President Donald Trump.
The decision of the US happens weeks after officials removed Chinese smartphone manufacturer Xiaomi from its list of targeted companies in the investment ban.
China Mobile announced it will exit the New York Stock Exchange earlier in the month and issue Yuan-denominated shares on the Shanghai exchange.
The investment ban happens when Chinese companies have camped in the US for listings, with about 60 more entities expected to go public in American exchanges this year.
Chinese stocks and the Yuan are currently declining. CSI 300 is down 0.30%, USDCNY is up 0.18%.
