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China Mobile Considers A-Share Listing After U.S. Removal

(Bloomberg) -- China Mobile Ltd. is considering an A-share listing after the country’s largest wireless carrier was removed from the New York Stock Exchange under a Donald Trump-era investment ban, according to people familiar with the matter.The state-owned firm has discussed the potential offering with advisers as it looks for new avenues to fund its 5G network development, said the people, who asked not to be identified as the discussions are private. Deliberations are at an early stage and China Mobile hasn’t decided the size and timeline of the listing, the people said.A representative for China Mobile said the company has been monitoring policies relating to A-share listings of red-chip companies, and that if there is any progress, it will make announcements when appropriate. Mainland companies listed in Hong Kong and incorporated internationally are often referred to as red-chip companies.Shares in China Mobile were up 3.3% in Hong Kong trading, after rising as much as 3.8%. They have climbed nearly 22% this year, giving the company a market value of more than $140 billion.The NYSE in January delisted the three major state-owned carriers -- China Mobile, China Telecom Corp. and China Unicom Hong Kong Ltd. -- to comply with an executive order by former president Donald Trump barring U.S. investments in Chinese firms deemed as having links with the military. The firms are appealing the NYSE’s moves.The company’s American depositary receipts accounted for less than 18 billion yuan ($2.8 billion) worth of shares, according to a statement from the China Securities Regulatory Commission in January. All three carriers’ U.S. shares were illiquid and thinly traded, and the delisting would have a limited impact, the Chinese regulator said.China Mobile raised $4.2 billion in an initial public offering in 1997 with its shares listed in both Hong Kong and New York, according to its website. The company had explored a listing on the mainland in 2007 but it didn’t come to fruition in the end.A revival of the planned domestic share sale by the country’s largest carrier would follow that of China Telecom, which announced last week that it’s planning a second listing in Shanghai. The offering will help China Telecom tap diversified financing channels in both domestic and overseas capital markets, the company has said.(Updates with company comment in third paragraph and share price in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

ByteDance seeks semiconductor workers

Chinese start-up ByteDance Ltd (字節跳動) has begun hiring employees for a possible push into semiconductors, exploring an expansion well beyond the video app TikTok for which it is best known. The Beijing-based company has posted at least a dozen job openings related to semiconductors, including hardware and software engineers in cities such as Shanghai and Beijing. A spokesperson for the company confirmed that it is hiring talent as it explores initiatives in the field, including building server chips based on Arm Ltd designs. ByteDance has become the most valuable start-up in the world on the success of TikTok and its domestic clone, Douyin

China Mobile considers A-share listing after US removal

China Telecom Surges After Announcing Shanghai Second Listing

State Street Urged to Clarify Ban Impact on H.K. Fund

State Street Urged to Clarify Ban Impact on H.K. Fund Bloomberg 2/25/2021 Bei Hu and Lulu Yilun Chen © Bloomberg The corporate flag for Hong Kong Exchanges & Clearing Ltd. (HKEX), right, and the Chinese flag, left, fly outside the Exchange Square complex in Hong Kong, China, on Monday, Sept. 16, 2019. The Hong Kong bourse's unsolicited takeover bid for the London Stock Exchange Group Plc was greeted with a scathing rejection and the exchange suffered a further humiliation when China praised the rebuff as well. (Bloomberg) -- The Hong Kong Monetary Authority is asking State Street Corp.’s Asia unit to clarify how it plans to address the effect of U.S. sanctions on its $13.5 billion exchange traded fund.

Biden Nominee Open to Using Trump-Era China Investment Ban

President Joe Biden’s nominee to be Treasury Secretary Janet Yellen’s No. 2 indicated the U.S. is open to using a Trump-era investment ban to punish Beijing for violating international trade rules.

China, la Unión Europea y Estados Unidos miden fuerzas ante el próximo avance de las redes 6G

Potencias mundiales miden fuerzas ante la futura batalla por las redes 6G

U.S. and China Square Up in Fight for 6G Dominance

U.S. and China Square Up in Fight for 6G Dominance Though most consumers around the world have yet to experience the faster speeds of 5G connectivity, global powers are already positioning themselves for the next iteration of the communications technology. by Shirley Zhao, Scott Moritz and Thomas Seal, Bloomberg News / February 9, 2021 Shutterstock/esfera (TNS) — Most of the world is yet to experience the benefits of a 5G network, but the geopolitical race for the next big thing in telecommunications technology is already heating up. For companies and governments, the stakes couldn’t be higher. The first to develop and patent 6G will be the biggest winners in what some call the next industrial revolution. Though still at least a decade away from becoming reality, 6G — which could be up to 100 times faster than the peak speed of 5G — could deliver the kind of technology that’s long been the stuff of science fiction, from real-time holograms to flying taxis and Internet-connected human bodies and brains.

The 6G fight heats up between US and China

Forget 5G, the US and China are already fighting for 6G dominance The 6G fight heats up between US and China (Reuters)Premium . Updated: 10 Feb 2021, 08:57 AM IST Bloomberg Though still at least a decade away from becoming reality, 6G — which could be up to 100 times faster than the peak speed of 5G — could deliver the kind of technology that’s long been the stuff of sci-fi, from real-time holograms to flying taxis and internet-connected human bodies and brains. Share Via Read Full Story Most of the world is yet to experience the benefits of a 5G network, but the geopolitical race for the next big thing in telecommunications technology is already heating up.