ZTE's stock rose 1
The Chinese Telecom escaped the shadow of the ban on Friday when the US Department of Commerce announced the companyon a trust account that was to be held to cover future violations.
The company's Hong Kong-listed stock opened 5.5 percent, Reuters reports, rising more than 17 percent to 16.12 Hong Kong dollars ($ 2.05) by noon. The stock was 37 percent lower than in April, when trading was suspended for two months after the ban, the news agency noted.
Shenzhen shares rose 10 percent on Monday morning.
The US The Department of Commerce issued a ban in May after the government discovered that ZTE had violated its 2017 rules by dismissing or punishing employees who illegally send US equipment to Iran and North Korea
The seven-year banshut down important operations and made it unlikely to survive – until President Donald Trump tweeted that he wanted the Ministry of Commerce to work with ZTE to lift the ban  In June, the Department of Commerce requiring ZTE to pay fines totaling $ 1.7 billion, including a $ 1 billion fine and $ 400 million in fines. Dollar deposited deposit