Jump to content

Guangshen Railway (company)

From Alfawiki
Guangshen Railway Co., Ltd.
Company typeJoint-stock company
IndustryRailway transport
PredecessorChinese segment of Kowloon–Canton Railway under Guangzhou Railway Bureau
Founded1984
Headquarters
China
Area served
Guangdong Province, China; Hong Kong (through collaboration)
ProductsPassenger and cargo transport services
ParentGuangzhou Railway Group (formerly Guangzhou Railway Bureau)

Guangshen Railway Co., Ltd. (GSRC) manages the 152-kilometre Guangzhou-Shenzhen Railway located in Guangdong Province, China. This enterprise offers both passenger and cargo transport services between Shenzhen and Pingshi, Lechang, as well as certain long-distance passenger routes. Additionally, it collaborates with MTR Corporation from Hong Kong to operate the Guangdong Through Train service for passengers. By January 2016, the market value of Guangshen Railway stood at roughly HK$5 billion.

History

The Chinese segment of the Kowloon–Canton Railway came under government authority in 1949 and was overseen by the Guangzhou Railway Bureau (currently known as Guangzhou Railway Group). The company was founded as Guangshen Railway Corp. in 1984.

Guangshen Railway Co., Ltd.

In 1996, the firm was restructured into a joint-stock company with limited liability. That same year, it launched its H shares on the Hong Kong Stock Exchange and American Depositary Receipts (ADRs) on the New York Stock Exchange. Later, in 2006, its A shares were introduced on the Shanghai Stock Exchange. It remains unique as the sole Chinese railway company publicly listed across Shanghai, Hong Kong, and New York.

United Kingdom

In June 2017, together with MTR Corporation, Guangshen Railway was selected as a candidate to bid for the West Coast Partnership rail franchise in the United Kingdom.