One of the Chinese companies preparing for an IPO this year is telecom operator China Netcom. They might suffer wrongfully from the negative sentiment at the stock markets against any Chinese company. I believe they might be one of the more promising IPO's.
They do one thing better than any of the other state-owned giants: they talk to journalists. Most Chinese companies just have no clue how to deal with the media, and when that does not change, trouble might be much harder to deal with.
China Netcom is one of the peculiar products of the recent changes in the Chinese telecom industry, to prepare domestic playing for a global market, when China is opening up. The current China Netcom is the combination of a modern telecom provider, set up by Edward Tian, and the half of the former state-owned fixed line operator China Telecom. That giant has been split up geographically, one is still called China Telecom, the other China Netcom. We do not want things to be too easy to understand.
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