Is there a blue-chip, dividend-paying Chinese stock without too much volatility? If so, is it suitable for a conservative, income-oriented portfolio? Let’s take a look at one candidate, China Mobile (NYSE: CHL) and find out.
SOURCE: gmsa.com
History: Invest with the Communists?
Investors from western democracies will find CHL’s history unusual. The company was originally 100%-owned by The People’s Republic of China (commonly known as “China” today) through various government agencies and ministries. Incorporated in September 1997 as China Telecom (Hong Kong) Limited, the Company was listed on the NYSE and The Stock