Rail operator on profit path

China Railway files application in Shanghai bourse for subsidiary to raise capital

The asset securitization of the Beijing-Shanghai High-Speed Railway, the country's most lucrative rail route, will lead the way for the country's debt-ridden national rail system to raise capital and deepen the mixed-ownership reform to restore its earning ability, industry experts said on Monday.

Their remarks came as the China State Railway Group Co Ltd, the national rail operator, submitted an application for an initial public offering at the Shanghai Stock Exchange for the Beijing-Shanghai High Speed Railway Co that included details of its profitable operations and levels of staffing.