Global projects lift shares of nation’s rail companies
Domestic railway companies are betting on the expansion of global railway networks. As a result, railroad stocks have led the nation’s world-beating equities rally this month. Since November, China Railway Group Ltd, China Railway Erju Co and China Railway Construction Corp shares each about doubled after Premier Li Keqiang signed agreements to ply transport Chinese technology across Europe, Southeast Asia and Africa. “Investors see the transformation potential of Chinese railway companies,” said Jenny Zhen, Hong Kong-based industrial chief analyst atHaitong International Securities Co.