China Telecom Corp (????), one of the three Chinese telecom carriers booted off the New York Stock Exchange, is planning to raise 47.1 billion yuan (US$7.3 billion) from a listing in Shanghai that is set to be the world’s biggest so far this year. The A-shares were priced at 4.53 yuan apiece, above the company’s book value of 4.49 yuan each. The fundraising by China’s largest fixed-line operator is the biggest stock sale this year globally, exceeding the US$6.3 billion initial public offering in Hong Kong by TikTok rival Kuaishou Technology (??) in February. China Telecom was one of three...