Mkt Watch: A-shares with 4G concept surge on pending release of 4G licenses befo
BEIJING, Sep 24, 2013 (Xinhua via COMTEX) --
A-shares related with 4G concept on th
e Shanghai and Shenzhen bourses are likely to be boosted by the pendin
g release of 4G licenses at the end of this year.
Miao Yu, minister with the Ministry of Industry and Information Tec
hnology (MIIT) said at PT/EXPO COMM China 2013 on Tuesday that the 4G
licenses would be released officially at the end of this year.
Earlier, Miao said the country had a breakthrough on the research o
f 4G technologies recently, and 4G licenses would be released in the n
ear future. Industrial insiders consider that with the release of 4G l
icenses, many fields of telecommunication industry would confront lots
of challenges and competition. The government was expected to invest
exceeding 300 billion yuan in the coming three years. Relevant sectors
and enterprises would benefit from the movement. (Edited by Ma Xin,
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