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EXHIBIT 1.1
[CHINA MOBILE (HONG KONG) LIMITED LETTERHEAD]
11 December 2000
Immediate Release
CHINA MOBILE (HONG KONG) LIMITED
Press Release
In response to MSCI's plan to adjust their policies and method of calculating
their indices to take into account only free float capitalization, China Mobile
(Hong Kong) Limited ("Company") notes that, in light of the Company's relatively
low free float, the MSCI China Free Index and MSCI Far East Free (Ex-Japan)
Index have hitherto taken into account only 40% of the market capitalization of
the Company. Accordingly, the Company anticipates that the proposed adjustment
by MSCI to its method of calculating these indices will not materially impact
the share price of the Company. Mr. Wang Xiaochu, the Chairman of China Mobile
(Hong Kong) Limited, stated that the adjustment by MSCI will have no effect on
the fundamentals of the Company. He is fully confident about the Company's
prospects. The Company will continue to strengthen management, increase
operating efficiencies and enhance profits, and add further value for the
shareholders. Mr. Wang emphasized that any impact on the Company's share price
from the proposed adjustment by MSCI is expected to be short term as the
Company's share price will reflect the solid performance of the Company over the
longer term.
Media Contact: Mr Ji Wei/Ms Grace Wong
(852) 3121 8888
