MTR Corporation

MTR Corporation

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MTR Corporation

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MTR Corporation Limited is a company listed on the Hong Kong Exchange () and included in the Hang Seng Index. MTR owns and runs the Hong Kong MTR metro system, and is also a major property developer and landlord in Hong Kong. It also invests in railways in different parts in the world, and has obtained contracts to operate rapid-transit systems in London, Stockholm, Beijing, Shenzhen, and Melbourne.

History of the Corporation

The Mass Transit Railway Corporation (Chinese: 地下鐵路公司) was established in 1975 as a government-owned statutory corporation in order to oversee the initial construction of the Hong Kong Mass Transport System, and later to run and manage the functioning transport system. On 30 June 2000 the MTRC was succeeded by the MTR Corporation Limited (MTRCL, ). As with the MTRC, the MTRCL's principal business is to operate the mass transit railway system. Following a successful initial public offering, the MTRCL was listed on the Hong Kong Stock Exchange on 5 October 2000, however the government maintains a majority stake in the MTRCL.

On 2 December 2007, the company started operating the original KCRC railway system, which the plan is commonly known as the MTRCL-KCRC merger. The Chinese name of the company changed to 香港鐵路有限公司 (literally translated as Hong Kong Railway Corporation Limited) but English equivalent stays the same, as Mass Transit Railway (MTR). The logo of MTR symbolises a railway line connecting Hong Kong Island and......
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