China Unicom (Hong Kong) Limited ·  Hong Kong ·(NYSE: CHU)(Hong Kong: 0762)

China Unicom (Hong Kong) Limited has brought competition to the world's largest telecommunications market. The Chinese government set up China Unicom in 1994 as the first competitor to another government-owned telecommunications monopoly. The state-controlled company provides long-distance, broadband data, and mobile communications services in 31 provinces, cities, and other regions throughout China. It is the country's #2 mobile phone operator behind former monopoly China Mobile Communications. Subsidiary China Netcom is China's #2 provider of fixed-line communications carrier behind China Telecom. It operates primarily in the northern provinces; major cities served include Beijing and Tianjin. To read the full description, subscribe now.