CHINA MOBILE<0941> - Announcement

The Stock Exchange has received a message from China Mobile (Hong Kong) 
Limited which is reproduced as follows:-

"CHINA MOBILE (HONG KONG) LIMITED
(incorporated in Hong Kong with limited liability 
under the Companies Ordinance)

TELETEXT ANNOUNCEMENT

The board of directors (the "Board") of China Mobile (Hong Kong) Limited 
(the "Company") notes certain articles appearing in the press today 
relating to the cost of and financing structure (including the possible 
use of Renminbi loans) for the possible acquisition of mobile phone 
operations in China by the Company.

The Company announces that it continues to be in discussions with its 
parent company in relation to the possible acquisition of the mobile phone 
operation in seven provinces, autonomous region and directly administered 
municipalities in the PRC of Beijing, Tianjin, Shanghai, Liaoning, Hebei, 
Shandong and Guangxi (the "Possible Transaction"), which may or may not 
proceed.

No contractual terms, including price, have been agreed.  The Company may 
require funding for the Possible Transaction (if implemented), which may 
be satisfied from internal resources, and/or from other forms of funding, 
including Renminbi-denominated bank borrowings and/or issuance of equity 
securities and/or debt securities.  In particular, the Company notes that 
the lower interest rate of Renminbi loan may enhance the overall cost of 
capital of the Company and reduce the foreign exchange risk exposure.  To 
date, no financing plan has been finalised and, therefore, the source, 
timing and amount of such financing, if any, has not been decided.

The Board also confirms that, save as disclosed above or as previously 
disclosed, there are no negotiations or agreements relating to intended 
acquisitions or realisations which are discloseable under paragraph 3 of 
the Listing Agreement.

Made by the order of the Company the Board of the directors of which 
individually and jointly accept responsibility for the accuracy of this 
statement.

By order of the Board
CHINA MOBILE (HONG KONG) LIMITED
Yung Jacky Shun Loy
(Company Secretary)

Hong Kong, 26 September 2000"