The US Federal Communications Commission (FCC) said it will order the US subsidiaries of CHINA TELECOM (00728.HK) +0.050 (+1.134%) Short selling $7.52M; Ratio 3.653% , CHINA UNICOM (00762.HK) +0.070 (+1.122%) Short selling $2.33M; Ratio 1.119% and CHINA MOBILE (00941.HK) +0.850 (+1.156%) Short selling $57.98M; Ratio 3.840% to cease operations of their fixed or mobile broadband networks in America.The FCC noted that it required the Chinese telecom companies to cease services within 60 days of the effective date of the net neutrality order approved on Thursday (25 Apr). This order also applied to US telecoms firm Pacific Networks, a subsidiary of CITIC Group, and Pacific Networks' wholly-owned subsidiary ComNet.Related NewsJPM: More Capital Flow into CN Telecoms if Div. Tax for Southbound Connect Waived; Biggest Beneficiary CHINA UNICOMThe FCC has revoked or denied the right of Chinese telecommunications companies to provide telecom services in the US on national security grounds, arguing that the Chinese telecom companies are subject to the use, influence and control of the Chinese government.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-17 16:25.)