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China Telecom plans to apply for listing on the main board of the Shanghai Stock Exchange. Will all operators return to A-shares?

The news that China Telecom plans to be listed on the main board of the Shanghai Stock Exchange and will return to A-shares has actually been confirmed in the past month.

Before China Telecom, China Unicom had already been listed on the A-share market. If China Telecom can successfully return to the A-share market in the future, among the three major domestic telecom operators, only China Mobile has not returned to the A-share market. The other two have returned to the A-share market.

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As for whether China Mobile can be listed on the A-share market, it actually depends on its specific corporate operations and whether it has further plans and intentions for returning to the A-share market.

After all, the three major operators, China Mobile, China Unicom and China Telecom, have all been listed on the Hong Kong stock market and have been included in the Hong Kong Stock Connect. This shows that their overall operating conditions are relatively stable, their qualifications are relatively good, and they have been recognized by the investment market.

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At the level of listing operations, listing on A-shares actually helps domestic investors better share the company's operating results. It also helps telecom operators to further expand their future business as a whole, which is conducive to subsequent redevelopment.

Financing and other services.

From an operational perspective, after years of competition and development, the three-legged pattern of China Mobile, China Unicom and Telecom is basically stable.

Generally speaking, with the popularization of communications and the relative stability of my country's total population, it is more likely that telecom operators will see steady growth in business development in the future, rather than rapid growth.

However, from the perspective of stock price and market value management of listed companies, the benefits of returning to A-shares are actually higher than simply being listed on Hong Kong stocks.

Compared with the current situation where the pricing power of Hong Kong stocks is mainly controlled by foreign-funded institutions, which do not give high overall valuations to traditional telecom operators, if China Mobile and Telecom can successfully return to A-shares, domestic institutional investors and individuals will

The probability that investors will pursue its pricing will be higher than its current pricing in the Hong Kong stock market.

This will actually help the two operators obtain higher market value after returning to A-shares, which will in turn help shareholders maintain and increase the value of their assets.