China approves 266 overseas-invested telecom companies

Hong Kong, US, Singapore top list of foreign firms given nod

China approves 266 overseas-invested telecom companies

(ATF) A total of 266 overseas-invested telecommunications enterprises had been approved by authorities by the end of June, according to a report from the China Academy of Information and Communications Technology on Sunday

In terms of overseas capital sources, about two thirds came from Hong Kong, followed by the US and Singapore, with the three accounting for 79% of the total.

Among the 266 enterprises, 78 are wholly owned by overseas investors, accounting for 29%.

The enterprises provide information services, online data processing and transaction processing, and domestic call centre services, among others, the report said. 

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