How they do it at China Mobile

It is just over eight years since China Mobile – then known as China Telecom – listed its shares and ADRs on the Hong Kong Stock Exchange and NYSE, respectively. At the time of its IPO in the fall of 1997, the Chinese economy was beginning to murmur but international investors had not realized its full potential. At the time, Asia was still reeling from a currency crisis and few would have predicted the way the region in general and China in particular would recover over the coming