China Mobile to raise up to $8.8bn in Shanghai share listing

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China Mobile, the world's largest mobile network operator, aims to raise as much as $8.6 billion when it goes public in China.

The company was kicked off the New York Stock Exchange because of the rules that were imposed by Donald Trump.

A growing number of Chinese firms are leaving Wall Street.

China Telecom and China Unicom have already moved to their home country.

The three firms were delisted from the New York Stock Exchange because of the decision to restrict investment in Chinese technology companies.

Tensions between Washington and Beijing continue to be strained, and the policy remained the same under the administration of President Joe Biden.

The listing was pulled after Americans were banned from investing in the firm.

SenseTime was accused of developing facial recognition software to identify ethnic Uyghurs.

The company denied the US government's allegations, saying that its products and services are intended for civilian and commercial uses.

SenseTime's shares will start trading on the Hong Kong Stock Exchange on December 30.

Didi Global said it would take its shares off the New York Stock Exchange and move its listing to Hong Kong.

New rules for Chinese firms that list in America were announced by the US market watchdog.

The company will delist from the New York stock exchange and begin preparations for a listing in Hong Kong, it said on its account.

Companies.
China.
The stock markets are open.
Hong Kong.