A train runs along the 1,318-kilometer high-speed railway that links Beijing and Shanghai, which started operations in June 2011. Photo: XinhuaA train runs along the 1,318-kilometer high-speed railway that links Beijing and Shanghai, which started operations in June 2011. Photo: Xinhua
A train runs along the 1,318-kilometer high-speed railway that links Beijing and Shanghai, which started operations in June 2011. Photo: Xinhua

Beijing-Shanghai high-speed railway operator makes bullish debut as China seeks more funds to expand network

  • Shares closed 39 per cent higher after hitting the 44 per cent maximum allowed under Shanghai exchange rules before easing off at morning trading break
  • Company raised 30.7 billion yuan (US$4.5 billion), among the biggest onshore IPOs in the past four years
Topic |   IPO
A train runs along the 1,318-kilometer high-speed railway that links Beijing and Shanghai, which started operations in June 2011. Photo: XinhuaA train runs along the 1,318-kilometer high-speed railway that links Beijing and Shanghai, which started operations in June 2011. Photo: Xinhua
A train runs along the 1,318-kilometer high-speed railway that links Beijing and Shanghai, which started operations in June 2011. Photo: Xinhua
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