China Mobile is set to debut on the Shanghai Stock Exchange today, marking the biggest domestic listing in more than a decade. The biggest telecom operator in the world by subscribers, which was …
Monthly Archives For January 2022
China Mobile shares open 9per cent higher in Shanghai debut
China Mobile Ltd opened higher on its Shanghai debut on Wednesday after raising 48.7 billion yuan (US$7.64 billion) in China’s biggest public share offering in a decade. China Mobile opened at 63 yuan …
China Mobile shares jump on trading debut in Shanghai after US ouster
The listing will help China Mobile raise funds for expanding 5G infrastructure and developing uses to make it more profitable. . Read more at straitstimes.com.
China Mobile Shares Jump In First Day of Trade in Shanghai
China Mobile Ltd., the country’s largest wireless carrier by sales that was removed from the U.S. market last year, surged in its first day of trade in Shanghai. The state-run company, one of the …
China Mobile surges in Shanghai debut after US delisting
China Mobile shares soared more than nine percent on Wednesday in their debut on the Shanghai stock exchange after the telecoms giant was delisted in New York amid tensions between Beijing and …
China Mobile, biggest IPO in a decade, jumps 10 per cent on debut as investors shrug off valuation, blacklisting fears
China Mobile raised about US$8.8 billion from local investors in December, making it the world’s second biggest IPO in 2021 The A shares were priced about 52 per cent higher than its own shares listed…
China Mobile punches up direct-listing numbers
A year after getting run out of New York, the telecom titan sold $8 bln of equity in Shanghai while initiating a $13 bln stock buyback in Hong Kong. Deploying its bloated cash pile is…
Everbright Sun Hung Kai, Manulife and Prudential expanding in Macau amid Beijing’s moves to diversify gambling hub’s economy
Everbright Sun Hung Kai, Manulife and Prudential are among companies from Hong Kong that are expanding in Macau, as they look to take advantage of policies introduced by Beijing to diversify the …
Beijing faces financial market test
SHANGHAI: A wall of maturing debt and a surge in seasonal demand for cash will test China’s financial markets this month, putting pressure on the central bank to ensure sufficient liquidity. Demand …
The Five Things That Will Determine The Success – or Failure – of China’s Digital Yuan Wallet
China today (Jan. 4) released its digital yuan wallet on Apple’s App Store and on Google Android app stores in the country. PYMNTS looks at why that matters.
China says Xi’an COVID-19 outbreak controlled, but other cities face restrictions
BEIJING: COVID-19 cases in the locked-down Chinese city of Xi’an fell to their lowest level in weeks on Wednesday (Jan 5), as officials said that an outbreak there had been largely “brought under c …
Asia’s top risk in 2022 will be U.S.-China tensions over Taiwan, says political risk analyst
Beijing sees any move by Washington on Taiwan as negative or infringing on its interests, said D.J. Peterson from research firm Longview Global Advisors.
China says Xi’an outbreak controlled but other cities face restrictions
Covid cases in the locked-down Chinese city of Xi’an fell to their lowest in weeks on Wednesday, as officials said an outbreak there had been largely “brought under control” after two weeks of a …
