China Mobile ready to return to A shares over ten billion dollar fund-raising.

<P>: Http:// News, China Mobile Chairman Wang said in an interview yesterday, China Mobile is actively preparing for return of A shares, but so far still no timetable. .</ P> <P> previous industry rumors, and red-chip companies issued A shares in mainland China to a halt. .Of this statement, Wang said, should present no formal document that should hold return of red chips, so the move is also actively preparing for related matters. .</ P> <P> released under the Daily News to move first half of 2007 turnover of 166.6 billion yuan, compared with 21.6% in mid-2006, performance is better than market expectations. ."Return of the domestic market, it is still quite looking forward to." Some analysts have pointed out that the return of red chips to say that Hong Kong's financial center of nonsense, red-chip companies in the Mainland is currently no legal barriers to direct market, although the company registered in .overseas, but the law does not say that foreign companies can not be in the domestic market. .</ P> <P> for the manner in which the return will be problems, industry analysts pointed out that from investment institutions and the interests of small investors point of view, China Mobile to return to A-share IPO, investment opportunities, will surely .much larger than the CDR approach. .</ P> <P> CDR is listed in the overseas listing of some of the outstanding shares hosted on a local custodian bank, the depositary bank in China issued in the domestic A share market, denominated in RMB clearing, for domestic .Investors traded investment certificates. .And direct issuance of shares in the A-share market is different, CDR approach can effectively communicate and link domestic and overseas markets, to avoid the A shares and H shares with the shares of different price problem. .It is reported that if the use of CDR, not only means to invest in China Mobile's "qualification" threshold higher, and because the CDR single transaction involving huge funds, investors generally difficult to move back to share the well-being. .</ P> <P> yesterday, Mr Wang did not disclose how much money if the return would be raised after a source said may exceed 100 billion U.S. dollars, and said if progress faster, some of which project funds will be used to support 3G. .</ P>.