Commemorative card to mark Guangzhou Metro line opening

PUBLISHED : Wednesday, 04 June, 1997, 12:00am
UPDATED : Wednesday, 04 June, 1997, 12:00am

Magnetic commemorative metro tickets may become a new avenue for investment in China to rival telephone cards, with Guangzhou Metro Corp (GMC) set to launch the trend to celebrate its grand opening.

Lin Wenyong, general manager of GMC subsidiary Guangzhou Metro Industry and Business Co said the special magnetic tickets were being issued to celebrate both the partial opening of GMC's Metro Line One on June 28 and the handover of Hong Kong on July 1.

GMC will issue 200,000 sets of the commemorative tickets on June 11.

Half are intended for sale in China and the rest outside the country.

Each set, comprising two tickets with a face value of 50 yuan each, will cost 160 yuan.

However, the magnetic tickets cannot be used to pay for metro fares until auto-ticket machines are installed in the Guangzhou metro line in the middle of next year.

Mr Lin said domestic and international collectors had expressed interest in the tickets.

The company would issue more such magnetic commemorative cards in the future, to mark festivals or big occasions.

Mr Lin said only five stations along Line One would open on June 28.

Commercial areas in the five stations were open to public tender, he said.