HONG KONG -- China Telecom shares opened 6.7% higher on their market debut in Shanghai on Friday, just months after the company was kicked off the New York Stock Exchange.
The initial response to the largest mainland listing in a decade may cause some anxiety for the upcoming initial public offering of bigger rival China Mobile, which also was forced to delist by the U.S. in May, and Syngenta Group, the Swiss seed and fertilizer unit of China National Chemical Corp.
