eijing-Shanghai High-Speed Railway Co Ltd, a subsidiary of China Railway, has kicked off its plan to go public in the A-share market.
China Securities Regulatory Commission listed the guidance form for public listing of Beijin
g-Shanghai High-Speed Railway on Tuesday on its website, signaling the company has formally entered the listing process.
According to an interview with CCTV, the spokesperson from China Railway said going p
ublic was a significant step in the State-owned enterprise’s shareholding reform.
“It was also an action to push forward the mixed ownership econo
my and optimize the railway enterprises’ capital structure,” the spokesperson said.
The spokesperson said the company is expected to complete pre-listing tutoring by the end of 2019.