www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

Policy bank eyes rail project stake

By Mao Lijun (China Daily)
Updated: 2008-01-09 07:14

China Development Bank (CDB), the country's largest policy lender, plans to buy a stake in the management company of the Beijing-Shanghai high-speed railway, sources said Tuesday.

The unnamed sources confirmed a report by First Financial Daily that the bank is expected to pay 10 billion yuan for an 8.7 percent stake in Beijing-Shanghai High-speed Railway Co Ltd.

But the plan will be further discussed by and is subject to approval of the board of the newly established management company, the sources said.

Earlier reports had said three commercial banks - Bank of China, Industrial and Commercial Bank of China and China Construction Bank - were the possible strategic investors. However, the China Banking Regulatory Commission didn't support the commercial banks' bid to invest in the project and issued a notice to ban their investment.

"But as a policy bank, CDB is not confined by the regulation and has the obligation to support big infrastructure projects like the Beijing-Shanghai high-speed railway," said Wang Wanjin, a railway analyst with Southwest Securities.

The strategic investors in the project are the National Council for Social Security Fund and Ping An Asset Management Co Ltd, each with an investment of 10 billion yuan and 16 billion yuan in the project for an 8.7 percent and a 13.9 percent stake in the corporation.

Other investors are China Railways Investment Corp on behalf of the Ministry of Railways, and infrastructure investment companies of the local governments of Beijing, Shanghai and Tianjiin.

The Ministry of Railways previously estimated the cost of building the high-speed railway at about 150 billion yuan. But a source said the figure has been revised to 229 billion yuan because of surging real estate, material and labor prices.

"The investment for the project is huge, and the Ministry of Railways may invite more sponsors," Wang said.

The Ministry of Railways needs to spend 1.25 trillion yuan in the current Five-Year Plan period (2006-10), which means it is in bad need of capital, Wang said. "The high-speed railway project is attractive to investors because it is believed to have the potential to bring stable returns in the long term."

When the 1,318-km project is completed in 2013, it will take passengers only about five hours to travel between the two cities, compared with 10 hours now - with a peak speed of 350 km/h.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 亚洲国产精久久久久久久春色 | 亚洲天堂爱爱 | 黄色一及毛片 | 手机在线国产精品 | 日韩成人三级 | 窝窝人体色| 国产亚洲欧美一区二区三区 | 亚洲午夜精品一区二区 | 特色一级片 | 欧美白人和黑人xxxx猛交视频 | 欧美成人欧美激情欧美风情 | 久久国内精品自在自线软件 | 日韩性色 | 91精品免费久久久久久久久 | 老司机午夜精品网站在线观看 | 最新国产成人综合在线观看 | 国产农村一二三区 | 日本一级毛片高清免费观看视频 | 国产精品18久久久久久vr | 成人久久久久久 | 亚洲人视频在线观看 | 99久久精品免费视频 | 真人一级毛片免费完整视 | 国产综合在线观看 | 国产一级免费片 | 日本 欧美 国产 | www.久草.com | 日本三级在线观看中文字 | 亚洲精品成人一区二区 | 亚洲在线天堂 | 国产区一区二区三区 | 国产男女爽爽爽爽爽免费视频 | 午夜影院在线免费 | 美女黄频免费看 | 国产欧美精品区一区二区三区 | 久久精品国产精品亚洲艾 | 最刺激黄a大片免费网站 | 国产精品v在线播放观看 | pgone太大了兽王免费视频 | 一级毛片在线看 | 亚洲天堂久久 |