The listing of Beijing Shanghai high speed railway calls for the "national railway mixed reform" assembly number

On October 24, the official website of China Securities Regulatory Commission disclosed the materials about the IPO and listing of Beijing Shanghai High Speed Railway Co., Ltd., and received the IPO application of Beijing Shanghai high speed railway. According to the public information, the Beijing Shanghai high speed railway submitted listing materials to the CSRC on October 22 and received the acceptance notice from the CSRC on October 23. (observer on October 25) the

Beijing Shanghai high-speed railway, as a benchmark in China, has attracted much attention since its opening. Recently, several media reported that the IPO of Beijing Shanghai high-speed railway was accepted by the CSRC, which means that the busiest trunk line of the national railway, the originator and integrator of China's high-speed railway, is getting closer to the listing.

railway industry is one of the most special traditional industries, which has the natural public service and social stability attributes, and the reform leads to the whole body, so in all previous reforms, it moves forward with extraordinary prudence. The listing of Beijing Shanghai high speed railway will be a key step of railway reform, and it is also a significant stroke in promoting market capitalization reform of China Railway. With its due strength, capital will effectively promote the high-quality development of railway. The listing of a 6031 a 6031 Beijing Shanghai high speed railway is the way of railway reform. According to the data: since the opening of Beijing Shanghai high speed railway in 2011, the passenger flow has been growing continuously, and it has been declared profitable after three years of operation. In 2015, the total operating revenue of Beijing Shanghai high speed railway company was 23.424 billion yuan, with a net profit of 6.581 billion yuan. By 2016, the revenue was 26.308 billion and the profit increased to 9.527 billion. In 2017, the company made a profit of about 10 billion yuan. It can be seen that the Beijing Shanghai high speed rail company, which is expected to land on the A-share main board, is a mobile "Jinshan". The listing of a 6031 a 6031 Beijing Shanghai high speed railway is a good example of closely following the market development. Up to now, China Railway has three listed companies: Guangzhou Shenzhen railway, Tielong logistics and Daqin Railway. However, compared with the level of 83% and 60% in the United States and Japan, the asset securitization rate of China's railway system is only about 2.23%. The listing of Beijing Shanghai high speed railway is a new way for the railway industry to carry out mixed ownership reform and explore the establishment of various forms of mixed ownership reform, which has multiple demonstration effects. For example, the listing of Beijing Shanghai high-speed railway will increase the asset securitization ratio of China's railway system and promote further reform of the railway system. As the gold asset in the core line of China's high-speed railway, Beijing Shanghai high-speed railway will obtain stable long-term financing channels and capital funds as a blue chip stock after listing, form a benign capital cycle, naturally realize the integration with the market, promote modern enterprise governance, further enhance the market value of railway brand, realize capital gain, and accelerate the sustainable and healthy development of railway enterprises. The listing of a 6031 a 6031 Beijing Shanghai high speed railway is closely following the call of the party. At the central economic work conference, General Secretary Xi Jinping stressed that in 2019, we should actively promote the reform of mixed ownership and accelerate the joint-stock reform of China Railway Corporation. Now, to launch the listing of Beijing Shanghai High Speed Railway Co., Ltd. in an all-round way is one of the important measures for China Railway to actively promote the joint-stock transformation of state railway enterprises, and it is also a specific action to vigorously develop the mixed ownership economy and promote the optimization and adjustment of the capital structure of railway enterprises. A 6031 a 6031 is a long way to go. Today's Chinese railway has become one hundred chains of steel in the "melting pot" of the market, competing with world-class enterprises. In the future, it will take a long time to make contributions and make sustained efforts to win the comprehensive victory of railway reform. I believe that the listing of Beijing Shanghai high-speed railway will bring good news. (Wen / Dai Zhiguo)