• Thu
  • Oct 23, 2014
  • Updated: 10:52pm
NewsChina
RAILWAYS

All aboard the 'condom express'? Chinese railways start selling train-naming rights to sponsors

What next, passengers wonder as trains have already been named after pickled fish and telecoms companies

PUBLISHED : Thursday, 17 July, 2014, 4:06pm
UPDATED : Thursday, 17 July, 2014, 4:15pm
 

China has started selling naming rights for its bullet trains to commercial sponsors, state media reported yesterday, as it increasingly commercialises its state-controlled railway sector.

Passengers on a train in southern China recently found it had been named for China Unicom, one of the country’s three telecom service providers, the Shanghai-based Oriental Morning Post said.

The Bank of China, one of the country’s “Big Four” banks, and a food company, Luziyao – whose products include nuts and pickled fish – had also named trains after themselves, the newspaper said.

A city outside Beijing extolled its natural beauty by naming a train “Grand Rivers and Mountains Zhangjiakou”, it said.

China has the world’s largest high-speed rail network, but the sector has been rocked by scandals and corruption allegations, including a 2011 crash which killed at least 40 people and sparked an investigation which found evidence of bribery.

The government in March last year merged the railway ministry into another state agency and turned over its commercial functions to a new company, the China Railway Corporation (CRC).

A one-year sponsorship of a bullet train could cost 12 million yuan (HK$15 million), the Oriental Morning Post said, citing unnamed sources.

The move was driven by the fact that train operators were now accountable for their own profits and losses, sources told the Shanghai paper.

Social media users have leaped on the marketing possibilities.

One posting on Weibo suggested a condom maker as a potential client: “Attention passengers: The Durex High-Speed Train is now reaching the station. Durex wishes you a pleasant journey.”

The debt-strapped CRC was spun off from the former ministry of railways in March last year, taking over the entire assets and debts of the dissolved railway department, the South China Morning Post previously reported. A reform in the railway freight sector has since been at the top of its agenda.

Statistics from the National Audit Office show that the new national railway operator was bogged down in debt of 2.9 trillion yuan in June last year, while its total assets were valued at 4.66 trillion yuan, the Post reported earlier this year.

Share

For unlimited access to:

SCMP.com SCMP Tablet Edition SCMP Mobile Edition 10-year news archive
 
 

 

 
 
 
 
 

Login

SCMP.com Account

or