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China Mobile 'studying' mainland listing plan after NYSE eviction

Telecom giant says domestic stock sale would boost growth and investor base

China Mobile Chairman Yang Jie says the company has "taken note" of policies being implemented by Beijing that pave the way for a red-chip company to dually list shares in the mainland.   © Reuters

HONG KONG -- China Mobile, the world's largest telecommunications company by subscribers, said it is studying the possibility of listing its shares on a mainland stock market, just weeks after it was delisted from the New York Stock Exchange.

Yang Jie, chairman of the state-owned, Hong Kong-listed company, told reporters during an online earnings news conference on Thursday that the company has "taken note" of policies implemented by Beijing that pave the way for dual listings by red-chip companies on mainland exchanges.

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