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The Wall Street Journal: ZTE’s stock suspension leaves investors frustrated

HONG KONG — ZTE Corp. may be in the crossfire of U.S.-China trade negotiations, with its future hanging in the balance. Its shareholders, though, can’t do anything about it.

The Chinese telecom giant halted its shares on April 17 after the U.S. said it was banning American companies from selling components to ZTE for seven years. In its latest update on Wednesday, ZTE said in a filing that its shares “will remain suspended” without giving a time frame.

Share suspensions have long been a quirk of Chinese markets, allowing companies to apply to exchanges to stop trading in their stock for weeks or even months at a time.

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