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Hong Kong SP Prudential in Entering Mainland China.

Asia Africa Intelligence Wire

| October 30, 2003 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From SinoCast China IT Watch)

GUANGZHOU, October 31, SinoCast -- In line with the Closer Economic Partnership Arrangement between the Mainland China and Hong Kong (the CEPA), China has opened up the telecom value added service sector to Hong Kong capital as of October 1.

Besides, the mainland China gave a green light to Macao capital to enter the mainland's telecom value added service sector last week.

However, it is somewhat out of expectation that Hong Kong and Macao's telecom service providers have not poured into the mainland China after they were given the green light.

Some experts point out that foreign capital will play an …

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