Beijing-Shanghai High-Speed Railway prepares for IPO

Beijing-Shanghai High-Speed Railway Co. Ltd., the operator of the Beijing-Shanghai high-speed railway, one of China's busiest high-speed rail lines, has launched preparations for an initial public offering (IPO) on the mainland stock market.

A "Fuxing" high speed bullet train on Beijing-Shanghai high speed railway line leaves the Ji'nan West Railway Station in Ji'nan city, east China's Shandong province, 26 June 2017. [File Photo: IC]

The Beijing bureau of China Securities Regulatory Commission, the country's stock market regulator, on Tuesday published information on the pre-listing tutorial services provided by CSC Financial Co. Ltd. for Beijing-Shanghai High-Speed Railway Co. Ltd. (BSHSR) on its website.

With high-quality assets and stable cash flows, the BSHSR has been turning a profit for more than three years in a row and is eligible for an IPO, according to the CRC.

The listing process is said to be part of a new "asset securitization" plan designed to reduce the corporate debt of China's state-run companies.

With a total length of 1,318 km and linking the capital with the eastern coastal economic hub of Shanghai, the Beijing-Shanghai high-speed railway has carried 940 million passengers since starting operation in June 2011.

No timetable for the IPO has been disclosed yet.