Caixin
Mar 12, 2018 07:22 PM
BUSINESS & TECH

Railway Operator to Stay on Reorganization Track

Lu Dongfu, general manager of China Railway Corp., attends the National People's Congress, the annual meeting of China's legislature on March 6. Photo: IC
Lu Dongfu, general manager of China Railway Corp., attends the National People's Congress, the annual meeting of China's legislature on March 6. Photo: IC

China’s railway operator will continue to push forward a reorganization plan that could include an eventual initial public offering, the party secretary of China Railway Corp. (CRC) said.

“The railway sector will step up the pace of market-oriented reforms, which include listing on stock exchanges, bond-to-stock programs and inviting more private capital to enter the sector,” said Lu Dongfu — who is also chief manager of CRC — in an exclusive interview with Caixin.

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