(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
Hong Kong shares rose on Tuesday as heavyweight tech and consumer stocks tracked Wall Street's advance on hopes that the U.S. Federal Reserve and other central banks will keep policies accommodative in meetings this week.
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