January 5, 2016 (Shareholders Foundation) - An investigation on behalf of investors of China Telecom Corporation Limited (ADR) (NYSE:CHA) shares over potential securities laws violations by China Telecom and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of China Telecom Corporation Limited (ADR) (NYSE:CHA) concerning whether a series of statements by China Telecom regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On December 27, 2015, the ruling Communist Party, led by Chinese President Xi Jinping, announced the investigation of Chang Xiaobing, chair of China Telecom Corporation Limited, for suspicions of corruption. As Beijing is expanding its anti-corruption campaign, the party's disciplinary arm, the Central Commission for Discipline Inspection announced that Xiaobing is suspected of having 'severely violated disciplines.'
Chang Xiaobing was chairman of China Unicom, China's second largest mobile operator, before being named as head of China Telecom Corporation Limited in August 2015.

Shares of China Telecom Corporation Limited (ADR) (NYSE:CHA) closed on January 5, 2015 at $45.21 per share.