China Unicom Hong Kong Ltd (0762.HK)

China Unicom Hong Kong Ltd (0762.HK)

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China Unicom Hong Kong Ltd Profile

China Unicom Hong Kong Ltd (762.xhkg) is a Chinese state-owned telecommunication network company headquartered in Hong Kong, China. China Unicom is the sixth-largest telecommunications company by subscribers globally, having more than 310 million customers as of June 2021. China Unicom Hong Kong Ltd (762.xhkg) is traded on the Shanghai Stock Exchange (SSE) and the Hong Kong Stock Exchange (SEHK); its current market cap is $130.04B (USD) and employs about 241,245 people. In 2017 China Unicom became one of the pilot projects of the mixed-ownership reform of the Chinese state-owned enterprise, which saw a decrease in the Government's ownership. In October 2019, a group of U.S. senators urged the Federal Retirement Thrift Investment Board to divest pension money from any investment in China Unicom, accusing the latter of providing telecommunications services to disputed artificial territory in the South China Sea. In 2020, the United States Department of Defense published a list of companies operating directly or indirectly in the United States with ties to the People's Liberation Army. China Unicom was included on the list. The New York Stock Exchange (NYSE) delisted China Unicom in January 2021. The US Federal Communications Commission (FCC) voted to continue revoking China Unicom (US) operating licenses for national security threat reasons. China Unicom Hong Kong Ltd and its subsidiaries seek deregistration from the American Depositary Shares and terminate any reporting obligation under the United States Securities Exchange Act.

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Trading hours in HK Time

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Share CFD Trading FAQ

Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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