Caixin
Dec 14, 2021 05:20 PM
BUSINESS

China Mobile Gets Nod for Multibillion-Dollar Shanghai Listing

Pedestrians walk past a China Mobile store in Shanghai on Jan. 6. Photo: Bloomberg
Pedestrians walk past a China Mobile store in Shanghai on Jan. 6. Photo: Bloomberg

(Bloomberg) — China Mobile Ltd., the country’s largest wireless carrier by revenue, has received approval from regulators to list in Shanghai after being removed from the New York Stock Exchange due to an investment ban ordered by former U.S. President Donald Trump.

The state-run enterprise got the nod earlier this month from the China Securities Regulatory Commission to issue A-shares, according to a filing late Monday with Hong Kong’s stock exchange.

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