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China Mobile Names Veteran Telecoms Executive Chen Zhongyue as New Chairman

Story Highlights
  • China Mobile’s long-serving chairman Yang Jie will retire on 22 December 2025, with the board praising his contributions and confirming no disagreements.
  • Telecom veteran and current group chairman Chen Zhongyue is appointed China Mobile’s new chairman, signaling continuity and experienced leadership at the state-backed carrier.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Mobile Names Veteran Telecoms Executive Chen Zhongyue as New Chairman

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China Mobile ( (HK:0941) ) has provided an announcement.

China Mobile has announced a leadership transition, with long-serving executive director and chairman Yang Jie stepping down from both roles effective 22 December 2025 due to age, with the board noting there is no disagreement and formally expressing its appreciation for his contributions. The board has appointed Chen Zhongyue, currently chairman of the company’s ultimate controlling shareholder and a veteran of senior roles at China Telecom and China Unicom, as executive director and chairman on the same date; his contract has no fixed term, he is subject to normal rotation and re-election, has waived his director’s fee and is expected by the company to bring significant benefits through his extensive industry experience, underscoring continuity in governance and alignment with state-owned sector leadership practices.

The most recent analyst rating on (HK:0941) stock is a Hold with a HK$92.00 price target. To see the full list of analyst forecasts on China Mobile stock, see the HK:0941 Stock Forecast page.

More about China Mobile

China Mobile Limited is a Hong Kong–incorporated telecommunications operator and one of China’s largest mobile and communications service providers. Listed in Hong Kong, the company is ultimately controlled by China Mobile Communications Group Co., Ltd. and focuses on providing mobile, data and related communication services across the mainland Chinese market and beyond.

Average Trading Volume: 17,499,116

Technical Sentiment Signal: Buy

Current Market Cap: HK$1837.7B

See more data about 0941 stock on TipRanks’ Stock Analysis page.

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