Three leading Chinese telecommunications companies - China Mobile, China Unicom and China Telecom - announced late last week that they will be delisted from the New York Stock Exchange (NYSE) trading list in accordance with the US investment restrictions imposed by the Donald Trump administration last year.

US President Joe Biden upheld the decree amid continuing tensions between the world's two largest economies, despite objections from business. NYSE suspended trading in shares of China Mobile, China Unicom and China Telecom on January 11 this year.

The companies told investors last Friday that they had challenged their delisting from the New York Stock Exchange, but were notified on May 6 that their appeals had been rejected.

It is expected that few of large US companies having retail and other business presence in China will be asked to leave in coming month. Some rumors even suggest that Apple offline retail can be int his list.