China Telecom Being Voted Again "Overall Best Managed Company in Asia"

HONG KONG, May 23, 2011 -

China Telecom Corporation Limited ("China Telecom" or "the Company";
HKEx: 00728; NYSE: CHA) is pleased to announce that the Company has been
voted by investors the "Overall Best Managed Company in Asia" in Asia's Best
Companies Poll 2011 conducted by FinanceAsia, a reputable financial magazine
in Asia. This award has accredited the Company with another remarkable
recognition by the capital market of the Company's management excellence,
following the honour of "Best Managed Company in Asia" awarded by Euromoney,
another international reputable financial magazine, earlier this year.

    (Photo: photos.prnewswire.com/prnh/20110523/HK06858-a )
    (Photo: photos.prnewswire.com/prnh/20110523/HK06858-b )

In addition, Mr. Wang Xiaochu, Chairman and CEO of China Telecom, was
named the "Best CEO in China", and Madam Wu Andi, Executive Vice President
and CFO of the Company, was awarded the "Best CFO in China". China Telecom
was further accredited by FinanceAsia with the following awards:

    - No. 1 Best Managed Company in China
    - No. 1 Best Corporate Governance in China
    - No. 1 Best Investor Relations in China
    - No. 1 Best Corporate Social Responsibility in China
    - Best Telecom Company in Asia

FinanceAsia conducts an annual poll to solicit fund managers' and equity
analysts' views on the region's best managed companies. Investors are asked
to rank companies in 10 Asian countries based on the criteria including
overall management, corporate governance, investor relations and corporate
social responsibility. This year, the 11th annual poll, FinanceAsia tallied
votes from more than 300 investors and analysts in Asia.

The grand awards above exhibit that fund managers, analysts and capital
market participants appreciate China Telecom's outstanding management
performance and corporate governance with high regard for its execution
capability and the leading standard of transparency in Asia. China Telecom
would like to express its sincere thanks to investors and the investment
community for their continuous support.

At China Telecom Corporation Limited, Ms. Lisa Lai or Mr. Ivan Wong, Investor Relations Department, +852-2877-9777 (Tel), +852-2877-0988 (Fax), ir at chinatelecom-h.com