Mobile to return a shares through CDR

"The report," China Mobile chairman Wang, said yesterday after attending the shareholder meeting, the group is to be in the form of depository Receipts (CDR) listed in the mainland, hoping to become one of the first to return to this form of foreign listed state-owned enterprises, and individuals hope that the process can be as fast as possible,　　Mr Wang said that the market capitalisation of the move should be returned to the mainland stock market early, and the company's share price has come down from the peak, which is believed to be attractive to mainland investors.　　As for the mobile trend to be listed in CDR rather than issue a-shares, Mr Wang said that the main hope was to extend the consistency of corporate governance, supervision and disclosure, which would be more suitable and beneficial to the company.　　Mr Wang admits that mobile has been listed in Hong Kong and the United States for 12 years and has been looking to return to mainland China to allow mainland investors to enjoy opportunities for investment, while the company has been preparing for a a-share IPO. On the progress of 3G, Mr Wang admits that TD-SCDMA technology is immature and needs more government support.　　The TD-SCDMA network is currently being optimized, and China Mobile needs to make efforts in promoting and subsidizing the early development of TD-SCDMA.　　On the issue of the industry's long-awaited iphone entry into China, Mr Wang stressed that China's mobile door was open and welcomed Apple and other terminals into the market. On overseas acquisitions, Mr Wang said China Mobile would continue to focus on overseas mergers and acquisitions in the future, apart from concentrating on mainland operations. Mr Wang said that "in the current financial crisis, the valuation of overseas assets has been cut a lot, it is the appropriate opportunities for mergers and acquisitions, but the external factors remain unclear, we will be prudent in dealing with overseas mergers and acquisitions." According to previous disclosures, China Mobile's latest foreign takeover was on April 29. China Mobile plans to spend more than NT $17.77 billion (about HK $4.08 billion) on a 12% per cent stake in Taiwan Tele-transmission, a strategic investment shareholder.　　In response, Mr Wang said the company's plans to buy 12% of Taiwan's tele-telecommunications program had been supported by the Board of directors, but the deal remained to be agreed by the shareholders ' and the governments concerned. (Shanghai Securities newspaper reporter piano) Link China Depository Voucher (Chinese depository receipt,cdr) refers to the listed companies in the overseas (including Hong Kong, China) to host the listed shares in the local depository bank, issued by depository banks in China, listed in the domestic a-share market, An investment voucher that is settled in renminbi and traded for domestic investors, thus realizing the trading of shares in different places. In accordance with the definition of depository vouchers, only companies registered outside China can issue cdr at home.