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China Mobile preparing for int'l board listing

(Xinhua)
Updated: 2009-11-19 10:34

The preparation for the possible listing of China Mobile on the awaited international board of the Shanghai Stock Exchange has been kicked off, company chairman Wang Jianzhou said Wednesday.

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Speaking at an industry forum in Hong Kong, Wang said the listing still awaited finalization of detailed arrangements for listing on the international board, a new trading system of the bourse expected to pave the way for listing of foreign firms on the Chinese mainland.

China Mobile, now listed in Hong Kong, has shown interests for a return to domestic listing, but there has been no appropriate way readily available.

Wang said the number of subscribers for its 3G network TD-SCDMA has exceeded 3 million, adding that the types of TD-SCDMA phones were still short of demand.