MTR Corporation Limited 地鐵有限公司
Type	Public - HKSE: 0066.HK
Founded	Hong Kong, (1975)
Headquarters	Hong Kong
Key people	CK Chow, CEO Raymond Ch'ien Kuo Fung, Chairman
Industry	Transport, property
Products	Railways, property developer
Revenue	$4,385 million HKD (first 6 months of 2005)
Employees	6,513 (end-2005)
Website	http://www.mtr.com.hk/

MTRC may also refer to the Toyota Motor Triathlon Race Car.

MTR Corporation Limited (Traditional Chinese: 地鐵有限公司), previously known as Mass Transit Railway Corporation (香港地下鐵路公司) is a company listed on the Hong Kong Exchange (SEHK: 0066 LSE: MTR) and included in the Hang Seng Index. It is the company that owns and runs the MTR metro system. It also invests and builds railways in different parts in the world. MTR Logo File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... This article does not cite any references or sources. ... The Hong Kong Stock Exchange (SEHK) is the stock exchange of Hong Kong. ... Year 1975 (MCMLXXV) was a common year starting on Wednesday (link will display full calendar) of the Gregorian calendar. ... This article or section does not cite its references or sources. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Chien Kuo Fung (錢果豐) or Raymond Chien is an active businessman in Hong Kong. ... Look up revenue in Wiktionary, the free dictionary. ... Green up arrow for a positive change in revenue from last fiscal year. ... ISO 4217 Code HKD User(s) Hong Kong Inflation 2. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos and other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... This article is about the metro system in Hong Kong. ... The Toyota Motor Triathlon Race Car (MTRC) is a fuel cell concept race car designed and built by Toyotas European design studio ED2. ... Traditional Chinese characters refers to one of two standard sets of printed Chinese characters. ... The Hong Kong Stock Exchange (Traditional Chinese: , also 港交所; abbreviated as HKEX ; SEHK: 0388) is the stock exchange of Hong Kong. ... The Hong Kong Stock Exchange (Traditional Chinese: , also 港交所; abbreviated as HKEX ; SEHK: 0388) is the stock exchange of Hong Kong. ... The Source by Greyworld, in the new LSE building Paternoster Square. ... The Hang Seng Index (abbreviated: HSI, Chinese: 恒生指數) is a capitalization-weighted stock market index in the Hong Kong Stock Exchange. ... This article is about the metro system in Hong Kong. ... This page refers to urban rail mass transit systems. ...

History of the Corporation

The Mass Transit Railway Corporation (MTRC) 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. Year 1975 (MCMLXXV) was a common year starting on Wednesday (link will display full calendar) of the Gregorian calendar. ... A government corporation, government-owned corporation or government business enterprise is a legal entity created by a government to exercise some of the powers of the government. ... A statute is a formal, written law of a country or state, written and enacted by its legislative authority, perhaps to then be ratified by the highest executive in the government, and finally published. ... For other uses, see Corporation (disambiguation). ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... An initial public offering (IPO) is the first sale of a corporations common shares to investors on a public stock exchange. ... The Hong Kong Stock Exchange (Traditional Chinese: , also 港交所; abbreviated as HKEX ; SEHK: 0388) is the stock exchange of Hong Kong. ... is the 278th day of the year (279th in leap years) in the Gregorian calendar. ... Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ...

Privatisation

On 5 October 2000, the MTR Corporation Limited became Hong Kong's first privatised rail and metro company, which marked the start of the Hong Kong government's planned initiative to wind down its interests in various public utilities. Prior to its listing on the Hong Kong Stock Exchange, the Mass Transit Railway Corporation was wholly owned by the Hong Kong Government. The offering involved the sale of around one billion shares, and the company now has the largest shareholder base of any company listed in Hong Kong. In June, 2001, MTR was transferred to Hang Seng Index. is the 278th day of the year (279th in leap years) in the Gregorian calendar. ... Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... Privatization (sometimes privatisation, denationalization, or — especially in India — disinvestment) is the process of transferring property, from public ownership to private ownership. ... In economics, utility is a measure of the relative happiness or satisfaction (gratification) gained. ... The Hong Kong Stock Exchange (Traditional Chinese: , also 港交所; abbreviated as HKEX ; SEHK: 0388) is the stock exchange of Hong Kong. ... Look up share on Wiktionary, the free dictionary. ... A shareholder or stockholder is an individual or company (including a corporation) that legally owns one or more shares of stock in a joint stock company. ... The Hang Seng Index (abbreviated: HSI, Chinese: 恒生指數) is a capitalization-weighted stock market index in the Hong Kong Stock Exchange. ...

At the time of the initial public offering, the company was operating with a budget surplus of HK$360 million, which had increased from a surplus of HK$278 million in 1997. However, after the IPO profits decreased as the company lost much of its subsidies (mainly development rights of lands) from the government, dropping to HK$139 million. Yet, this trend seems to have reversed, as profits grew more than tenfold in the fourth quarter of 2004, making it one of the few profitable public transport systems in the world. An initial public offering (IPO) is the first sale of a corporations common shares to investors on a public stock exchange. ... In economics, a subsidy is generally a monetary grant given by a government to lower the price faced by producers or consumers of a good, generally because it is considered to be in the public interest. ... Profit is what is gained, after costs are accounted for. ...

MTR Corporation has always been reliant on developing properties next to railway stations for its profits (although the rail lines are profitable themselves); many recently built stations are incorporated into large housing estates or shopping complexes. Examples of this type of construction can be seen at Tsing Yi station, which is built next to the Maritime Square shopping centre, and directly underneath the Tierra Verde housing estate. Tsing Yi Station Entrance Tsing Yi (Chinese: 青衣; Jyutping: cing1 ji1; pinyin: Qīngyī) is an interchange station of Tung Chung Line of MTR and Airport Express on Tsing Yi Island. ... Maritime Square from Tsing Yi Station of Mass Transit Railway and Airport Expresss Maritime Square (Traditional Chinese: 青衣城) is a 4-story shopping centre located on Tsing Yi Island, Hong Kong. ... Tierra Verde is a large housing complex located in Tsing Yi, Hong Kong. ...

Operations

World Wide House, built by the MTR corporation Limited.

The MTR Corporation Limited is responsible for the operation of MTR in Hong Kong. Besides railway operations, the MTRCL is also actively involved in the development of key residential and commercial projects above existing stations and along new line extensions as well as many other commercial activities associated with the railway. The most recent of such developments was the large Maritime Square shopping centre development which was built in conjunction with Tsing Yi station. The MTRCL is also involved in the letting of retail and poster advertising space, ATM banking facilities, and personal telecommunication services. It also provides consultancy services to organizations worldwide. Download high resolution version (1280x960, 326 KB)A property owned by the MTR Corporation Limited. ... Download high resolution version (1280x960, 326 KB)A property owned by the MTR Corporation Limited. ... Exterior of World-wide House World Wide House (環球大廈) is an office building in Central, Hong Kong. ... Maritime Square from Tsing Yi Station of Mass Transit Railway and Airport Expresss Maritime Square (Traditional Chinese: 青衣城) is a 4-story shopping centre located on Tsing Yi Island, Hong Kong. ... For the traditional meaning of the word mall, see mall. ... Tsing Yi Station Entrance Tsing Yi (Chinese: 青衣; Jyutping: cing1 ji1; pinyin: Qīngyī) is an interchange station of Tung Chung Line of MTR and Airport Express on Tsing Yi Island. ... For other uses, see Bank (disambiguation). ... Copy of the original phone of Alexander Graham Bell at the Musée des Arts et Métiers in Paris Telecommunication is the transmission of signals over a distance for the purpose of communication. ...

Property Management

Main article: MTR Properties

Property is one of the main businesses of the MTR. The MTR tries to develop suitable sites related to their new railway projects and their existing railway. For instance, the reclaimed land situated in West Kowloon that is owned by the MTR will be developed into an area with residential, office and retail space. Two of Hong Kong's largest banks, HSBC and the Bank of China are to have office towers there. Furthermore, will be more than 7,000 housing units in the development. The MTR also owns several shopping centres, as well as the new International Finance Centre. MTR Properties and MTR Property Management of the MTR Corporation Limited are responsible for managing apartment buildings it developed, shopping malls at some of its stations, and collaborate with land developers in projects near its stations. ... Land reclamation is either of two distinct practices. ... In modern day Hong Kong, Kowloon (九龍, Mandarin: Jiulong, lit. ... The Hongkong and Shanghai Banking Corporation Limited also written as The Hongkong & Shanghai Banking Corporation Limited (Traditional Chinese: ), based in Hong Kong, is a wholly owned subsidiary and the founding member of the HSBC Group, which is traded on several stock exchanges as HSBC Holdings plc. ... Bank of China Limited (BOC) SEHK: 3988 (Simplified Chinese: ; Traditional Chinese: ; pinyin: ; often abbreviated as 中行) is one of the big four state-owned commercial banks of the Peoples Republic of China. ... International Finance Centre (abbr. ...

Shopping Centres

The MTR Corporation invested heavily to develop large scale shopping centres around MTR stations. An example of such a shopping centre is Maritime Square (青衣城) located at Tsing Yi station. Maritime Square is a nautical-themed mall in which there are supermarkets, boutiques, bookstores, a cinema, and restaurants. Since Tsing Yi station serves as the transportation hub for Tsing Yi, Maritime Square is also easily accessible by other transportation means including buses and taxis. Other shopping centers developed and managed by the corporation include Paradise Mall (杏花新城), Telford Plaza (德福廣場), Luk Yeung Galleria (綠楊坊) and The Lane (連理街). For the traditional meaning of the word mall, see mall. ... This is a list of the stations of the Hong Kong metro system known as the MTR. Names are in both English and Cantonese. ... Maritime Square from Tsing Yi Station of Mass Transit Railway and Airport Expresss Maritime Square (Traditional Chinese: 青衣城) is a 4-story shopping centre located on Tsing Yi Island, Hong Kong. ... Tsing Yi Station Entrance Tsing Yi (Chinese: 青衣; Jyutping: cing1 ji1; pinyin: QÄ«ngyÄ«) is an interchange station of Tung Chung Line of MTR and Airport Express on Tsing Yi Island. ... Exterior of a typical British supermarket (a Tesco Extra) Exterior of typical North American supermarket (a Safeway) This Flagship Randalls store in Houston, Texas is an example of an upscale supermarket. ... Look up boutique in Wiktionary, the free dictionary. ... A bookstore. ... Toms Restaurant, a restaurant in New York made familiar by Suzanne Vega and the television sitcom Seinfeld A restaurant is an establishment that serves prepared food and beverages to order, to be consumed on the premises. ... This page meets Wikipedias criteria for speedy deletion. ... Tsing Yi (Chinese: ), or Tsing Yi Island (Traditional Chinese: ) is an island of Hong Kong, to the northwest of Hong Kong Island. ... For other uses, see Bus (disambiguation). ... Taxicab, short forms taxi or cab, is a type of public transport for a single passenger, or small group of passengers, typically for a non-shared ride. ... Paradise Mall (杏花新城) is a fairly large shopping centre located in Heng Fa Chuen, Hong Kong. ... Telford Garden (德福花園) is a private housing estate beside Kowloon Bay Station of MTR, Ngau Tau Kok, Hong Kong. ...

Operations outside Hong Kong

On 24 November 2004, it was revealed that the MTRC (together with GNER) is one of the main players in acquiring the South Eastern Trains franchise in the United Kingdom. However, Govia has been selected as the operator. is the 328th day of the year (329th in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... GNER White Rose train at Kings Cross railway station Great North Eastern Railways (GNER) is a British train operating company (TOC) owned by Sea Containers Ltd. ... South Eastern Trains (SET) was a British train operating company, in public ownership, who provided train services in south east London and South East England from November 2003 to March 2006. ... In law, an exclusive right is the power or right to perform an action in relation to an object or other thing which others cannnot perform. ...

The company conducted a feasibility report to build a light rail in Macau. The company concluded initials concession agreement to build phase 2 of the Line 4 of Shenzhen Metro, and to operate the whole line on a BOT basis. The company is also exploring business opportunities in Beijing Subway and a metro system in Wuhan. The planning network of the Macau Light Transit System The Macau Light Transit System is a planned mass transit system of Macau in the Peoples Republic of China. ... The Shenzhen Metro (SZM, Chinese: 深圳地铁) is the underground railway in Shenzhen, Guangdong Province, China. ... Build-Operate-Transfer (BOT) is a form of project financing, wherein a private entity receives a franchise from the public sector to finance, design, construct, and operate a facility for a specified period, after which ownership is transferred back to the public sector. ... The logo of Beijing Subway The Beijing Subway (Traditional Chinese: ; Simplified Chinese: ; Pinyin: ) is a rapid transit system that serves downtown Beijing and its various outlying suburbs. ... For the brand of cymbal, see Wuhan cymbals. ...

MTR corporation were bidding for the West Midlands Train route in England, but have since withdrawn their bid.

They are also interested to take over the Öresund trains in Sweden and Denmark together with SJ AB. Northern Öresund Oresund (Öresund in Swedish or Øresund in Danish) or The Sound, is the strait that separates Zealand from Scania, and thereby Denmark from Sweden. ... X2000 train. ...

The company and Laing Rail established a joint venture for the London Overground franchise. In December 2006, Govia and MTR Laing were selected to submit "best and final offers" for the franchise. On 19 June 2007, MTR Laing successfully won the London Overground franchise. London Overground [1] is the network of rail services in London, United Kingdom to be provided by the London Rail division of Transport for London (TfL) from 11 November 2007. ... is the 170th day of the year (171st in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... London Overground [1] is the network of rail services in London, United Kingdom to be provided by the London Rail division of Transport for London (TfL) from 11 November 2007. ...

Proposed MTRCL-KCRC merger

There has been some discussion of merging the Kowloon-Canton Railway Corporation (KCRC), which is also government-owned, and the MTR to make the territory's transport system more efficient. The MTRCL backs such a merge while the KCRC opposes the plan. In March 2004, the Hong Kong Government officially encouraged the two companies to merge. The phrase mergers and acquisitions or M&A refers to the aspect of corporate finance strategy and management dealing with the merging and acquiring of different companies as well as assets. ... The Kowloon-Canton Railway Corporation (九廣鐵路公司), frequently abbreviated to KCRC, is wholly owned by the Hong Kong Special Administrative Region government and based in Hong Kong. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... On July 1, 1997, the Peoples Republic of China (PRC) resumed its exercise of sovereignty over Hong Kong, ending more than 150 years of British colonial control. ...

On April 11, 2006, the Hong Kong Government officially announced the details of the proposed merger. Under the non-binding Memorandum of Understanding the Government has signed with KCRC, KCRC will grant a Service Concession to the MTRCL to operate the KCR system, with an initial period of 50 years. The KCRC will receive a one-time upfront payment of HK$4.25 billion, a fixed annual payment of HK$750 million and a variable annual payment based on revenues generated from operation of the KCR system. In addition, MTRCL will make a payment of $7.79 billion for the acquisition of property and other related commercial interests. [1] [2] [3] [4] A memorandum of understanding (MOU) is a legal document describing a bilateral agreement between parties. ... For other uses, see KCR (disambiguation). ... The Hong Kong Dollar (ISO 4217: HKD) is the official currency of the Hong Kong Special Administrative Region (SAR) within the Peoples Republic of China. ...

The railway lines the KCRC operates are less profitable than the MTRC, and the KCRC is less active in property development. It is widely considered that the Government's choice was to avoid being criticised for selling assets of the KCRC, which it wholly owned to MTRCL at an underpriced level. Leasing the operation right of the KCR system to the MTRCL can avoid actually selling the KCRC.

The Chinese name of the MTRCL will be changed to 香港鐵路有限公司 (literal translation: Hong Kong Rail Corporation Limited)^[1] after being granted the Service Concession while the English name will remain unchanged. The KCRC will be a holding company of the KCR system, without actual railway operations.

The merger is subject to approval by shareholders of the MTRCL. The Government and management of the MTRCL has stated the major shareholder (75%), the Government, will not vote, i.e. the merger will be decided by minority shareholders.

Future Expansion

The following railways are constructed or planned by MTR currently:

• Tseung Kwan O Line South Extension (Finish in 2009)
• West Island Line (Finish in 2012)
• South Island Line (Under Planning)
• Kwun Tong Line Extension (Under Planning)
• North Island Line (Under Planning)

The following railways are constructed or planned by KCR currently, and they are projected to hand over to MTR if the merging of both companies is successful: This is the complete route map of the Tseung Kwan O Line. ... It has been suggested that this article be split into multiple articles accessible from a disambiguation page. ... It has been suggested that this article be split into multiple articles accessible from a disambiguation page. ... This is the complete route map of the Kwun Tong Line. ... North Island Line is a proposed reformation of the existing Island Line and extension of Tung Chung Line of the Hong Kong MTR metro system. ... For other uses, see KCR (disambiguation). ...

• Lok Ma Chau Spur Line (Opened 15 August 2007)
• Kowloon Southern Link (Finish in 2009)
• Sha Tin to Central Link (Under Planning)
• New Territories Northern Link (Under Planning)

The KCR logo The Kowloon-Canton Railway, frequently abbreviated as the KCR, is the railway network providing intercity, suburban rapid transit and light rail passenger services in Hong Kong. ... Kowloon Southern Link is a project to link the KCR West Rails Nam Cheong Station to KCR East Rails East Tsim Sha Tsui Station. ... Sha Tin to Central Link (Chinese: 沙田至中環綫, or 沙中綫) is a proposed railway line in Hong Kong which will run from Tai Wai Station in Tai Wai to Central. ...

See also

• MTR
• Kowloon-Canton Railway Corporation

This article is about the metro system in Hong Kong. ... The Kowloon-Canton Railway Corporation (九廣鐵路公司), frequently abbreviated to KCRC, is wholly owned by the Hong Kong Special Administrative Region government and based in Hong Kong. ...

External links

• MTR Corporate Website
• Press release on Wuhan (Adobe Acrobat PDF format)
• History and Development of the Company, EDGAR Online.
• Transport for London press release

MTR Properties and MTR Property Management Renewal of the surface coating of an adobe wall in Chamisal, New Mexico Adobe is a natural building material composed of sand, sandy clay and straw or other organic materials, which is shaped into bricks using wooden frames and dried in the sun. ... How in the world are you ppl so fast. ... PDF is an abbreviation with several meanings: Portable Document Format Post-doctoral fellowship Probability density function There also is an electronic design automation company named PDF Solutions. ...

• Maritime Square Website
• Paradise Mall Website
• Luk Yeung Galleria Website
• Telford Plaza Website
• Residents Portal

v • d • e Hang Seng Index companies of Hong Kong

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Sino Group HKEx: 0083 is a property development corporation based in Hong Kong and operations in Greater China. ... Commercial & Industrial:  Wharf Holdings · PCCW · Hutchison Whampoa · New World Development · Swire Pacific · MTR Corporation · China Merchants Holdings · CITIC Pacific · China Resources Enterprise · Cathay Pacific Airways · Esprit Holdings · Sinopec · Li & Fung · Yue Yuen Industrial · China Unicom · CNOOC · China Netcom Group Corporation (Hong Kong) · China Mobile (Hong Kong) · Cheung Kong Infrastructure Holdings · COSCO Pacific · Foxconn International Holdings · Five Flag Poles of the Wharf near Star Ferry Pier and Ocean Terminal. ... PCCW Limited (PCCW, 電訊盈科) (NYSE: PCW) is the largest telecommunication enterprise in Hong Kong. ... Hutchison Whampoa Limited or HWL (Traditional Chinese: , SEHK: 0013) of Hong Kong is a Fortune 500 company and one of the largest companies listed on the Hong Kong Stock Exchange. ... 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To meet Wikipedias quality standards, this article or section may require cleanup. ... China Ocean Shipping (Group) Company (abbreviated as COSCO) is one of the largest liner shipping companies serving companies all over the world. ... Foxconn (富士康) (SEHK: 2038) is the trade name of Taiwanese firm Hon Hai Precision Industry Co. ...