China Telecom Received the "Best Investor Relations for an IPO" award at Investor Relations Magazine Asia Awards 2003

21 Nov 2003

China Telecom Corporation Limited ("China Telecom" or the "Company") (HKSE: 728; NYSE: CHA) a leading provider of wireline telephone, data and Internet and leased line services in Shanghai, Guangdong, Jiangsu, Zhejiang (and in Anhui, Jiangxi, Fujian, Guangxi, Chongqing and Sichuan upon the completion of acquisition), received the "Best Investor Relations for an IPO" award at Investor Relations Magazine Asia Awards 2003 during the presentation dinner held tonight in Shanghai.

The Investor Relations Magazine Awards are recognized as the most prestigious and definitive measure of excellence in Investor Relations across the financial and corporate community. 600 portfolio managers, buy-side analysts and sell-side analysts from China, Hong Kong, India, Indonesia, Malaysia, Singapore and four other Asian markets have voted for the leading companies in Asian investor relations in a study commissioned by Investor Relations magazine and conducted by Taylor Nelson Sofres HK.

Investor Relations representative of China Telecom said, "It is of great honour for China Telecom to win this award. It is the best recognition and encouragement we have received for our efforts. We would like to take this opportunity to extend our thanks to Investor Relations Magazine, fund managers, analysts and the investment professionals for their support and recognition. In the future, China Telecom will continue on dedicating strong efforts in communicating with its investors and shareholders."

Press Enquires:

Mr. Zhao Xu
Office of Board of Directors
China Telecom Corporation Limited

Tel:		(8610) 66428166
Fax:		(8610) 66010728