China’s Huawei Technologies won’t list on the Australian Securities Exchange until 2017 at the earliest, if at all, as it seeks to convince Australian authorities that it’s run transparently and not an arm of the Chinese state.

An Australian listing is a five-to-10 year aspiration of Huawei’s local board, and no concrete plans have been made, a person familiar with the matter told The Wall Street Journal.

Huawei is the world’s largest telecom equipment vendor after Sweden’s Telefon AB L.M. Ericsson, but is hitting road bumps as it expands overseas because the supply of telecommunications technology is a sensitive issue for governments. Huawei was founded by Ren Zhengfei, a former officer of the People’s Liberation Army in China, who still runs the company as chief executive.

Late last year, the U.S. Congress launched an investigation into whether Huawei and other Chinese telecommunications companies pose a potential national-security threat as they expand in the U.S.

(Source:The Wall Street Journal)