Railway: Company and Crc

railway: The move, also another important step in the mixed-ownership reform of Chinese state-owned enterprises, could bring both opportunities for the state-owned company as well as challenges in navigating through complex reforms required for listing, analysts said, according to Global Times China. The company was founded in 2008, with China Railway Investment Co - fully owned by CRC - holding a 46.21 percent stake, data on research platform tianyancha showed. Photo VCG China Railway Corp CRC said on Tuesday that its lucrative subsidiary Beijing-Shanghai High-Speed Railway Co is preparing for an IPO on the A-share market, part of the company's push for market reforms. In the short term, listing the Beijing-Shanghai high-speed line can help CRC raise funds to repay debt, Zhao Jian, a professor at Beijing Jiaotong University, told the Global Times on Wednesday. But going public will be a challenge, pushing the company to operate with more transparency, Zhao said. The state-owned CRC reportedly has fast-accumulating liabilities. (news.financializer.com). As reported in the news.