China Mobile mulls mainland listing - Mobile World Live

China Mobile mulls mainland listing

26 MAR 2021

China Mobile reportedly revealed it is reviewing listing its shares on a mainland stock market in response to being removed from the New York Stock Exchange (NYSE) in January.

Yang Jie, chairman of Hong Kong-listed China Mobile, said during an earnings call the secondary listing in China would “help it unlock value and boost development”, The Hong Kong Standard reported.

The operator’s domestic rivals China Telecom and China Unicom were also delisted from NYSE as the US enacted an executive order signed by former President Donald Trump which blocked investment in companies deemed to be owned or controlled by China’s military.

Two weeks ago, China Telecom reportedly said it was considering an A-share listing.

Rising tension between China and the US, along with restrictions on access to the latter’s capital markets have spurred many Chinese tech companies to seek mainland or Hong Kong listings.

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Joseph Waring

Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he...

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