The principal activity of the China Mobile group is the provision of mobile communications and related services in the mainland.
The company was incorporated in Hong Kong in September 1997 and was listed in New York and Hong Kong in October of that year. China Mobile was admitted as a constituent stock to the Hang Seng Index in January 1998.
The firm is the world's second-largest mobile operator in terms of a subscriber base, boasting 58.9 million members at the end of the first half of last year, up 31 per cent year on year.
Describing China Mobile as a strong market leader, a report issued by Core Pacific-Yamaichi almost a year ago placed a 'hold' recommendation on the company's stock.
The report contended that while China Mobile was continually enhancing the quality of its network, it was losing its competitive edge.
The firm lost 28 per cent of its market share to China Unicom in the six months preceding the report, and Core Pacific foresaw the trend continuing.
