China’s US$4.3 billion IPO highlights investor confidence in world’s largest rail network

• The 30 billion yuan (US$4.3 billion) initial public offering for the Beijing – Shanghai High-Speed Railway line was oversubscribed 126 times
• In 2018, the 1,300km line reported an annual profit of 10.2 billion yuan (US$1.5 billion), making it one of the most profitable parts of China’s rail system