The shareholders of ZTE approved the issuance of a convertible bond to A-share holders. The 6Bln RMB raised (4Bln for the bond and 2Bln for debenture financing) will be invested in 11 projects, in particular the TD product. The issue is expected to improve the current cash flow situation, as well as enhance the company's competitive edge to develop new products such as research on the TD-SCDMA and some other applied operations

ZTE predicts that in 2 to 3 years, the company's income will reach 30Bln RMB despite some concerns by investors on ZTE's future and the TD standard, as a result of WinMax’s application of 3G. However, company executives believe that the competition actually favors ZTE.