Global projects lift shares of na­tion’s rail com­pa­nies

China Daily (Canada) - - BUSINESS -

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.

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