China Mobile Announces Mobile Stock Trading Competition
Sohu IT, 11/01/08
China Mobile (NYSE: CHL; 0941.HK) recently held a news conference with 32 stock brokerages, announcing details of a simulated stock market competition called the "Mobile Phone Securities Cup". From October 15, any China Mobile subscriber can participate in the competition by downloading the "Mobile Phone Securities" client software onto their mobile phone. The top three finalists nationwide will receive RMB 3 mln, RMB 2 mln, and RMB 1 mln respectively in real stock funds to invest as they see fit for one month. At the end of the month, the finalists will keep any profits made but return the base sum. If a loss of more than 20% occurs during the month of investing, the remaining capital will be withdrawn early. According to statistics from wireless value-added application service provider Netgen, as of October 30, registered users had already exceeded 570,000.
Keywords: Mobile Phone Securities Cup Netgen WVAS 0941.HK China Mobile CHL registered users wireless mobile securities information
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