China Mobile Gets Nod for Shanghai Listing

China Mobile has received approval from the China Securities Regulatory Commission to issue A shares in Shanghai. The company plans to issue 846 million A shares, potentially raising around $5 billion based on Hong Kong stock prices. The actual amount could be higher due to A shares typically trading at a premium. The proceeds will be used to expand China Mobile's core business, upgrade its 5G network, and enhance smart home technology.

What approval did China Mobile receive for its share issuance?

• Approval from the Shanghai Stock Exchange

• Approval from the Asian Securities Board

• Approval from the China Securities Regulatory Commission

• Approval from the Hong Kong Stock Exchange

How many A shares does China Mobile plan to issue?

• 500 million

• 846 million

• 750 million

• 1 billion

Why might the actual amount raised by China Mobile be higher than $5 billion?

• Because the Hong Kong stock price is expected to drop

• Because A shares are typically traded at a premium to Hong Kong shares

• Because A shares are usually cheaper than Hong Kong shares

• Because the company plans to issue more shares

What is one of the main uses for the proceeds from China Mobile's stock issuance?

• To acquire smaller telecom companies

• To expand its core business and upgrade its 5G network

• To invest in renewable energy

• To enter the European market

Which technology is China Mobile planning to develop with the proceeds?

• Smart home technology

• Artificial Intelligence

• Virtual Reality

• Blockchain