China Mobile Phone, the nation’s biggest mobile telecom operator, said it has no timetable for returning to the mainland stock market, denying widespread media reports that it has decided to launch Mar. 4, 2008 (China Knowledge) – China Mobile<941><CHL>, the nation’s biggest mobile telecom operator, said it has no timetable for returning to the mainland stock market, denying widespread media reports that it has decided to launch A-share listing this year.

Wang Jianzhou, president of the company, said on Monday the company is now preparing for the listing plan, which requires more time as the listing procedure is complicated.

Last month, some reports said China Mobile is expected to be the first Hong Kong-listed red-chip company to float A shares on the mainland as early as the first half of the year.

Meanwhile, the Chinese government has been encouraging Hong Kong-listed mainland firms to return to the A-share market within this year.

In regard to the upcoming reshuffle of China’s telecom industry, Wang said both operators and users will benefit from the reorganization, but till now no instructions from the central government had been received.

Related posts:

1. China Telecom Corp May Offer Fixed-Line and Mobile Services
2. TV Mobile Phone with Dual SIM Card Dual Standby (M1008)
3. China dropped two places to 17th in the latest World Competitiveness
4. Chinese economic growth forecasts to about 9%
5. China’s share in world’s exports reached 8.8 percent by 2007, making it the world’s second largest exporter
6. 71st China Electronics Fair
7. China imports more motor vehicles in first two months
8. China Currency Coalition Encourages Inclusion in Trade Bill of Provision to Address Substantial Undervaluation of China’s Renminbi
9. More investment will find its way into China’s rural financial market
10. China Exports dropped 2.2 percent to $114.99 billion last month, the first monthly decline in seven years