NEW China Hongkong Group proposes to redevelop railway stations in major cities including Beijing, Wuhan and Shenyang.
Group chairman Tsui Tsin-tong said it had raised with Beijing authorities the idea of turning old railway stations into modern complexes incorporating shopping arcades, restaurants and possibly hotels.
He said his group was preparing a proposal on such projects, which was expected to be submitted to the Ministry of Railways within two months.
Mr Tsui said New China Hongkong Group intended to take a majority stake in the proposed developments, which would be joint ventures with the Chinese authorities.
However, the proposal was still at the drafting stage and the capital investment involved in each of such projects would be subject to the final size of redevelopment approved by the Chinese authorities, he said.
New China Hongkong Group, a newly-formed investment vehicle involving Hongkong, Singapore and Chinese interests, has embarked on a series of investment plans in China.