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China Unicom Ltd (NYSE: CHU) downgraded to Underweight by HSBC Securities

Friday,  Aug 24, 2012  8:25 AM ET by Kristen Bailey

HSBC Securities downgraded China Unicom Ltd (NYSE: CHU) to
Underweight. HSBC Securities rated China Unicom Ltd (NYSE: CHU) to Neutral on 07/05/2012, when the price was $13.56.

China Unicom Limited is engaged in the provision of cellular, paging, long distance, data and internet services in the People's Repulic of China.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.

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