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China Unicom Ltd (NYSE: CHU) upgraded to Neutral by HSBC Securities

Monday,  Jul 8, 2013  8:25 AM ET by Lynn Gilbert

HSBC Securities upgraded China Unicom Ltd (NYSE: CHU) to Neutral. Previously,
HSBC Securities rated China Unicom Ltd (NYSE: CHU) to Underweight on 08/24/2012, when the stock price was valued at $16.89.

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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