CRC on track for new management models

China Railway Corp, the world's biggest railway operator by rail length, will carry out a mixed ownership reform this year to explore new management models featuring capital use rather than basic operation, a leading executive said.

Lu Dongfu, general manager of CRC, said the group will focus on eight main tasks. These include developing both high-speed and regular railways, establishing rail development funds and new companies to carry out rail-related businesses, and seeking the listing of its qualified assets on domestic stock markets.

"CRC will work with both private and State-owned companies to form joint ventures to support mixed ownership reform, and will accelerate the pace of asset-backed securitization and equity financing in the railway sector," Lu said.