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[asia]

China News: Railways consider IPOs

China is preparing to list parts of its rail network on domestic or international stock markets within the next two years.

According to the Ministry of Railways, the IPOs are part of a broad effort to find funding for the 248 billion US dollars in railway investment that China plans to make between 2005 and 2020.

China will also offer foreign investors the chance to take minority stakes in national lines, and majority or full ownership of local railways.

The ministry says China is currently considering which are the most suitable markets on which to list state railway units.