Daqin Railway Co., Ltd. is a Chinese company that operates several

railways Rail transport (also known as train transport) is a means of transport that transfers passengers and goods on wheeled vehicles running on rails, which are incorporated in tracks. In contrast to road transport, where the vehicles run on a pre ...

with a total length of 1000 km, including the

Daqin Railway Daqin (; alternative transliterations include Tachin, Tai-Ch'in) is the ancient Chinese name for the Roman Empire or, depending on context, the Near East, especially Syria. It literally means "great Qin"; Qin () being the name of the founding dyna ...

and most assets on railway transportation of CR Taiyuan. The company is based in

Datong Datong is a prefecture-level city in northern Shanxi Province in the People's Republic of China. It is located in the Datong Basin at an elevation of and borders Inner Mongolia to the north and west and Hebei to the east. As of the 2020 cens ...

Shanxi Shanxi (; ; formerly romanised as Shansi) is a landlocked province of the People's Republic of China and is part of the North China region. The capital and largest city of the province is Taiyuan, while its next most populated prefecture-lev ...

. It was listed on the

Shanghai Stock Exchange The Shanghai Stock Exchange (SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock Exc ...

in 2006 with

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

capital raising of $1.9 billion

US dollars The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from Dollar, other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American ...

.Daqin Rail share sale generates $1.9 billion
/ref> Daqin Railway is a component of

SSE 50 Index SSE 50 Index is the stock index of Shanghai Stock Exchange The Shanghai Stock Exchange (SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others ...

. The parent company of Daqin Railway was CR Taiyuan, a

state-owned enterprise A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (econom ...

that the

China Railway China State Railway Group Company, Ltd., doing business as China Railway (CR), is the national passenger and freight railroad corporation of the People's Republic of China. China Railway operates passenger and freight transport throughout Ch ...

acted as its only shareholder.

References

External links

* {{authority control Companies listed on the Shanghai Stock Exchange Companies in the CSI 100 Index Railway companies established in 2004 Companies based in Shanxi China Railway Corporation Government-owned companies of China Railway companies of China