BEIJING, July 12 (InfoChina) – China’s major telecom operators listed in Hong Kong and other overseas markets are expected to return to the domestic A-share market for listing one after another and this is to increase the weight of telecom stocks in the A-share market indices.

China Mobile (NYSE: CHL, HK: 0941) is likely to return to the A-share market this month at earliest, and the market also has wide expectations that China Telecom (NYSE: CHA, HK:0728) and China Netcom (NYSE: CN, HK:0906) will follow suit soon, despite that the latter two’s attitude is not as clear as China Mobile.

In view of their strong overall profitability and predicted IPO scale, telecom companies will be an important block on the A-share market after their return, noted China Securities Research Co., Ltd.

It seems that Chinese telecom operators will certainly go back to the home share market, but it depends on approval procedures.

China Mobile said that it would sell some existing shares to domestic investors, so as not to dilute earnings attributable to existing shareholders. China Securities Research predicted that China Mobile would issue A-shares amounting to five percent of the company’s current equity. And the raised capital is likely to be used for deploying TD network nationwide.

Wang Xiaochu, board chairman of China Telecom earlier said that the company is unlikely to issue A-shares before the issuance of 3G and IPTV licenses.