Beijing-Shanghai High-Speed Railway Co to go public on Thursday

Shares of Beijing-Shanghai High-Speed Railway Co Ltd, the operator of the high-speed railway between Beijing and Shanghai, will be listed on the Shanghai Stock Exchange on Thursday, according to a statement from the company on Tuesday evening.

As the most profitable rail line in China, the Beijing-Shanghai High-Speed Railway reported a sales revenue of 25 billion yuan ($3.62 billion) for the first three quarters of 2019, with the net profit amounting to 9.52 billion yuan.