China Mobile Hong Kong News

China Mobile subsidiary Sichuan Mobile experienced power loss and transmission failure of more than 2,300 base stations as a result of the Wenchuan County earthquake on May 12, reports Sina. via Pacific Epoch

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The Shanghai Composite Index rose 2.17 percent to close at 3,565.839, while the Shenzhen Composite Index rose 2.67 percent to close at 1,102.52 on Thursday. via Pacific Epoch

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“There are many phone operators in Africa”

CHINA Mobile Communications Corp, parent of the world's most valuable phone company, is "interested" in making investments in Africa, President Wang Jianzhou said. via Shanghai Daily

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China Mobile and China National Offshore Oil Corporation have handed preliminary filings to the State Council in preparation for A-shares listings, reports 163.com citing Hong Kong media reports. via Pacific Epoch

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“While chairman Wang could still be at the post, the appointment of Chang Xiaobing as China Mobile's chief executive means China Mobile could gain the most in terms of the well-experienced chief executive from its biggest rival”

Mr Chang would be in a key position to assist China Mobile chairman Wang Jianzhou in the future development of the group's operations, they said. via South China Morning Post

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“We believe the change is rational and offers stability”

The central government's proposed reshuffling of telecom industry executives removes the last obstacle prior to an actual announcement of the restructuring plan, analysts say. via The Standard

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In the past week, many Chinese stocks have once again caught the momentum bug. In large part, the move has government officials to thank after a two-thirds cut of an associated stock tax was announced. via Optionetics

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Google has been named the world's number one and most powerful brand for the second year in a row, clocking in at an estimated value at $85,057 million which represents a 30% increase in its brand valuation. via The Internet Stock Blog

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Vodafone Group , China Mobile and Japan's Softbank on Thursday said they have agreed to establish a joint innovation lab to promote the development of new mobile technologies, applications and services. via Market Watch

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“The frequency of foreign listings on the NYSE and Nasdaq has fallen by nearly 63%.”

The Sarbanes-Oxley Act of 2002 , signed into law after a rash of corporate malfeasance, was designed to protect U.S. investors. via Motley Fool

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