Xieheng is preparing to go public in Hong Kong, National Business Daily reports. According to a management-level source in the company's East China region, the cell-phone retail giant has set up a team in Shanghai to coordinate financial preparations; the source claimed to be a member of this team. According to the source, preliminary preparations have been completed for a 2007 listing. The office of the president of Xieheng did not deny the reports but inquired about their source. Previously, Xieheng vice president Chen Jianbin had denied that Xieheng was planning to go public in Hong Kong. The CEO of Zhongyu Telecom, Xieheng's largest competitor and China's largest mobile phone retail chain, had previously expressed that his company was planning a Hong Kong IPO in 2007. Link: http://www.nbd.com.cn/admin/module/news/newsFile/20061241184.htm