Since this year, BlackRock has accumulatively increased its shareholding and reduced its shareholding in China Telecom twice.
July 8 news, the latest equity disclosure information of the Hong Kong Stock Exchange shows that on July 2, 2020, China Telecom (00728.HK) was awarded BlackRock, Inc. . (Hereinafter referred to as “BlackRock”) increased its holdings of 17.434 million shares, with an average price of 2.2186 Hong Kong dollars per share and involving approximately 38.679 million Hong Kong dollars.
After the increase, BlackRock’s shareholding in China Telecom was approximately 1.404 billion shares, and the shareholding ratio increased from 9.99% to 10.12%.
Hong Kong stocks opened on July 8 and China Telecom opened flat at HK$2.36. The latest total market value is HK$191 billion.
A month ago, BlackRock had reduced its holdings of 35.942 million H shares of China Telecom on the floor, with an average price of 2.5624 Hong Kong dollars per share and involving approximately 92.098 million Hong Kong dollars. The shareholding ratio dropped from 9.0% to 8.74%.
Earlier, on April 21st, BlackRock increased its holdings of 115.56 million H shares of China Telecom at an average price of 2.5322 Hong Kong dollars per share, involving about 29.261 million Hong Kong dollar, its shareholding ratio rose from 9.95% to 10.03%.
Year-to-date, BlackRock has accumulatively increased China Telecom’s holdings twice and reducing its holdings once, but in comparison, JPMorgan Chase’s increase in China Telecom’s holdings 3. More frequent reduction actions.
According to the equity disclosure information of the Stock Exchange, JPMorgan Chase has reduced China Telecom’s holdings for a total of 5 times from March 23 to June 4, meanwhile, from February From 19th to June 3rd, China Telecom increased its shareholding 7 times.
In terms of other shareholder institutions, GIC Private Limited (Singapore Government Investment Company) had increased its holdings of 9.12 million shares in China Telecom on January 31 and March 3, respectively. 636.24 million H shares.
February 27, Templeton Global Advisors Limited reduced its holding of 170.136 million H shares in China Telecom; May 29, The Bank of New York Mellon Corporation (New York, USA Bank Mellon Corporation) reduced its holdings of 32.118 million H shares of China Telecom.
In terms of business, China Securities Network reported on July 2 that Zhuang Renfeng, deputy general manager of China Mobile Internet Corporation, introduced at the RCS-5G News Forum that currently, all three operators have started the construction of 5G message commercialization platforms. Ke Ruiwen, chairman of China Telecom, said on July 1 that future development will take SA as the direction and goal of 5G development, and cloud-network integration is the core of the new information infrastructure.