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CSRF contributes to China Mobile IPO

CCT Fund     2022-01-06         

On January 5, Tong Laiming, China Chengtong’s Vice President and President of China Structural Reform Fund (CSRF) attended the ceremony marking China Mobile Limited (China Mobile) IPO in Shanghai Stock Exchange. CSRF invested RMB 2 billion to support China Mobile going public in Shanghai (Stock Code: 600941.SH).

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As the world’s leading communication operator with the largest subscriber numbers, the widest networks scales and the highest station numbers globally, China Mobile has been an active player in the 5G construction. The company is in the first tier in 5G standard contribution and is an industry pioneer in many ways. China Mobile has built up the most wide-spread 5G fine networks in the world and sparing more efforts in constructing 5G-based infrastructure to contribute to a smooth economic circulation of the country. China Mobile has also innovated 100 application scenarios to promote the integration of 5G into people’s life and serving various industry needs. In recent years, China Mobile has taken the initiative in strategic transformation to expand its business modes from communication services to information services, business market from To C to CHBN, and development model from resource factor driven to innovation driven. China Mobile has also carried out in-depth cooperation with leading companies in the fields of cloud computing, Internet, data and artificial intelligence to actively promote the transformation of digital intelligence, accelerate high-quality development, and act as the main force of building Digital China, intelligent society, and a network power.

Bearing the mission of serving SOEs’ structural reform and contributing to the country’s innovation-driven economic development in mind, CSRF has always been an active player in implementing the nation’s information development strategy. Via direct investment, fund investment and other ways, CSRF has invested in high-quality industries in areas like digitalisation and informationisation. This time, grasping the historic opportunity for the new generation of information technology to deeply integrate into the economy, society and people’s livelihood, CSRF has contributed to the development of China’s independent innovation ability in information technology, and powered the cultivation and expansion in new infrastructure fields through actively supporting China Mobile’s IPO in Shanghai and helping it promote digital intelligence transformation. In the future, CSRF will contribute more to the national strategies of building national network power, digital China and smart society, and promoting the digital transformation of economy and society together with China Mobile.

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