The New York Stock Exchange is backing off plans to delist shares of three Chinese companies, including China Telecom Corp. One of the company’s stores is seen here in Hong Kong on Monday.

A pedestrian wearing a protective mask walks past signage at a China Telecom Corp. store in Hong Kong, China, on Monday, Jan. 4, 2021. China’s state-owned telecommunications companies declined in Hong Kong after the New York Stock Exchange said it’s delisting them to comply with a U.S. executive order that sanctioned companies identified as affiliated with the Chinese military. Photographer: Roy Liu/Bloomberg via Getty Images