少妇无码精品23p_亚洲一区无码电影在线观看网站 _悠悠色一区二区_中文字幕亚洲无码第36页

China Mobile, China Telecom and China Netcom, all plan to return to mainland stock markets seeking fresh capital to build infrastructure to implement a new generation of mobile phone service.

With licenses for the so-called 3G mobile technology expected to be announced early this year, China's major telecommunications operators may need to quickly raise as much as a hundred billion yuan to build and maintain the required new networks.

The new 3G mobile phone service will provide multimedia services including voice, data, video and wireless Internet access.

Market watchers believe all three companies will look to domestic markets to raise the required funds.

A fourth player, China Unicom, is currently the only major telecommunication operator that is listed on both overseas and mainland stock markets.

On January 3, share prices of China Mobile and China Telecom on the Hong Kong market reached new highs of HK$71.8 (US$9.2) and HK$4.47 (US$0.57) respectively. China Netcom's share price was also on the rise after the New Year's Holiday.

A spokesperson for China Mobile, the largest Chinese mobile operator, said it is the companies intention to raise funds on the mainland market, but there is not a concrete timetable for an IPO.

China Mobile is listed on the Hong Kong stock market as a red-chip company, which are mainland companies registered overseas. Red-chip companies cannot directly go public on the mainland A-share market according to current Chinese regulations.

China Mobile can bypass this obstacle by setting up a new company on the mainland, analysts said.

China Netcom Chairman, Zhang Chunjiang, has also alluded to plans to bring the company home to stock markets here. He's also complained about the complicated procedures involved in a red-chip company's return to mainland browses.

Analysts say China Netcom has been in contact with stockbrokers and is drawing up plans for an A-share market listing.

Although China Telecom has not publicly announced its plans for going public on the Chinese market, insiders say the company is studying proposals from investment banks to raise 40 billion yuan (US$5.13 billion) by issuing A-shares in the second quarter of this year.

The Chinese government has promised that 3G service will be up and running by the 2008 Beijing Olympic Games. It's likely the 3G program will be kicked off this year, imbuing the telecommunication operators with a strong sense of urgency to finding funding sources.

According to analysis from Goldman Sachs, a renowned US investment bank, China Mobile is likely to be first to be listed on the A-share market first, with China Telecom and China Netcom following close behind.

(Xinhua News Agency January 7, 2007)