China Telecom has Reached the Top Ten in the Category of Financial Soundness for China

23 Dec 2003

China Telecom Corporation Limited is ranked the top ten in the category of Financial soundness for China by Far Eastern Economic Review in this year's REVIEW 200 ranking of Asia's leading companies.

The ranking is determined by a survey of hundreds of business decision makers who rate companies in five key areas:
a. High quality products & services
b. Innovativeness in responding to customer needs
c. Long tern vision of management
d. Financial soundness
e. A company others would like to emulate

Note: The survey of REVIEW 200 has been conducted by ACNielsen International (Hong Kong) for 11 years.

CHINA TELECOM HAS BEEN SELECTED INTO USX CHINA INDEX

China Telecom Corporation Limited has been selected as a new constituent member of the USX China Index.

The USX China Index is comprised of companies whose common stock is publicly traded in the United States and the majority of whose business is conducted within the People's Republic of China.

For a company to be included in the USX China Index it must have a market capitalization of more than $50 million and must be approved by our Selection Committee. The Committee considers many factors including trading exchange, float, liquidity and business fundamentals of all existing and potential constituents.

The USX China Index is quoted on a daily basis in Security Times, one of the national business newspapers in China, and other newspapers in the US and Canada. It can also be tracked on Reuters, Bloomberg and other financial media sources using the symbol "USXC".

Press Enquires:

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

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