Huawei has no plans for listing

Chinese telecom giant Huawei Technologies Co Ltd said it has no intention of being listed in the near future, which indicates that the company is unlikely to make large mergers and acquisitions due to financial pressure, according to company executives.

Eric Xu, executive vice-president of Huawei and one of its rotating CEOs, said that Huawei, the world's second-largest telecom equipment maker, has grown organically over the past 25 years.

"And looking into the future, we will continue to rely mainly on organic growth," Xu said.