China Plans Stock Market Listing for Beijing-Shanghai Line

25 June 2009 (Last Updated June 25th, 2009 18:30)

The Chinese government is planning to list the country's Beijing-Shanghai railway line, with assets worth $44bn, to raise funds for the country's rail expansion plans. The separate ¥220bn ($32.2bn) Beijing-Shanghai high-speed rail line, due to become operational next year, may also

The Chinese government is planning to list the country's Beijing-Shanghai railway line, with assets worth $44bn, to raise funds for the country's rail expansion plans.

The separate ¥220bn ($32.2bn) Beijing-Shanghai high-speed rail line, due to become operational next year, may also be merged into the existing Beijing-Shanghai line after the stock listing, according to a report in the China Daily.

The move could provide huge funds for China's proposed $731bn project to add 41,000km of rail lines to its existing network of 79000km by 2020.

No schedule for the stock listing has been finalised.