The MTR, which is majority-owned by the government, owns and manages extensive commercial and residential estates on top of its rail business. Photo: Sam Tsang
Mike Rowse
Opinion

Opinion

Mike Rowse

Hong Kong MTR’s troubles are rooted in its identity crisis

  • Is it a private company first or a public service provider? A rail operator or property developer?
  • The train crash last week, the latest in a string of scandals, indicates massive governance failure and brings home the need for a complete overhaul

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The MTR, which is majority-owned by the government, owns and manages extensive commercial and residential estates on top of its rail business. Photo: Sam Tsang
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Anthony Cheung, who served as the city’s transport and housing chief from 2012 to 2017, speaks at The Education University of Hong Kong on Thursday. Photo: Jonathan Wong

Hong Kong’s ex-transport chief Anthony Cheung says letting MTR Corp go public was a mistake because firm was ‘well catered for’ by government

  • Former official says city’s railway operator was given ‘sound economic considerations’ such as land concessions and building rights
  • MTR has been publicly listed since 2000, with the Hong Kong government being its majority shareholder, owning about 75 per cent of the firm
Topic |   Hong Kong MTR

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Anthony Cheung, who served as the city’s transport and housing chief from 2012 to 2017, speaks at The Education University of Hong Kong on Thursday. Photo: Jonathan Wong
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