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China eyes new frontier in rail technology

China Railway Signal's HK listing debut comes amid a major push to market Chinese rail technology overseas

Published Fri, Aug 7, 2015 · 09:50 PM
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Beijing

THE Chinese aren't resting on their laurels in their quest to dominate the global rail-technology industry: They've also set their eyes on the high-margin signalling business.

China Railway Signal & Communication Corp made its listing debut on Friday in Hong Kong after raising HK$11 billion (S$1.97 billion) in an initial public offering that values the company at about HK$55.1 billion.

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