Hong Kong Stocks Slide on China Rate Concern; China Mobile, Cnooc Fall

(Bloomberg) -- Hong Kong's Hang Seng Index fell,
having yesterday closed above 23,000 for only the second time,
after a report said China's central bank will step up efforts to
cool the economy. China Mobile Ltd. led the decline.

Mainland reports scheduled for release tomorrow are expected
to show gross domestic product rose at a double-digit pace for a
sixth straight quarter and inflation accelerated to a two-year
high, according to Bloomberg surveys of economists.


Read more at Bloomberg Stocks News

China Mobile eyes biggest ever Shanghai listing

(Reuters) - SHANGHAI/HONG KONG, June 18 - China Mobile
, the world's largest cellular phone operator, is
planning a multibillion-dollar share sale in Shanghai as early as
next month to attract domestic investors, sources familiar with
the situation said on Monday.




It will likely be the biggest initial public offer of equity
ever in China's domestic markets, exceeding Industrial &
Commercial Bank of China's 46.6 billion yuan
Shanghai IPO last year, the banking sources said.


Read more at Reuters.com Government Filings News