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Encyclopedia > MTR Corporation Limited
MTR Corporation Limited
Image:mtr.gif
Type Public - HKSE: 0066.HK
Founded Hong Kong, (1975)
Location Hong Kong
Key people CK Chow, CEO
Raymond Ch'ien Kuo-fung, Chairman
Industry Transport, property
Products Railways, property developer
Revenue Image:green up.png $4,385 million HKD (first 6 months of 2005)
Operating income {{{operating_income}}}
Net income {{{net_income}}}
Employees 6,555 (end-2004)
Website http://www.mtr.com.hk/
{{{footnotes}}}
For MTR as a metro system, see MTR. This article is about the operator of the system.

MTR Corporation Limited (Traditional Chinese: 地鐵公司), previously known as Mass Transit Railway Corporation (地下鐵路公司) is a company listed on the Hong Kong Exchange (HKEx: 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. ... A public company is a company owned by the public. ... The Hong Kong Stock Exchange (SEHK) is the stock exchange of Hong Kong. ... 1975 (MCMLXXV) was a common year starting on Wednesday (the link is to a full 1975 calendar). ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... In business, revenue is the amount of money that a company actually receives from its activities, mostly from sales of products and/or services to customers. ... Green up arrow for a positive change in revenue from last fiscal year. ... The Hong Kong Dollar (ISO 4217: HKD) is the official currency of the Hong Kong Special Administrative Region of the Peoples Republic of China. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... EBIT stands for Earnings before Interest and Taxes (operating income). ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... The front page of the English Wikipedia Website. ... Logo of the MTR corporation Causeway Bay station on the Island Line. ... Traditional Chinese characters are one of two standard character sets of printed contemporary Chinese written language. ... The Hong Kong Stock Exchange (Chinese: 香港交易所, also 港交所; abbreviated as SEHK and HKSE; HKEx: 0388) is the stock exchange of Hong Kong. ... The Hong Kong Stock Exchange (Chinese: 香港交易所, also 港交所; abbreviated as SEHK and HKSE; HKEx: 0388) is the stock exchange of Hong Kong. ... The Source by Greyworld, in the new LSE building Paternoster Square. ... Hang Seng Index (HSI, 恒生指數) is a capitalization-weighted stock market index in the Hong Kong Stock Exchange. ... This page refers to urban rail mass transit systems. ...

Contents


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. 1975 (MCMLXXV) was a common year starting on Wednesday (the link is to a full 1975 calendar). ... 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. ... A corporation is a legal entity (distinct from a natural person) that often has similar rights in law to those of a natural person. ... June 30 is the 181st day of the year (182nd in leap years) in the Gregorian Calendar, with 184 days remaining. ... This article is about the year 2000. ... In financial markets, an initial public offering (IPO) is the first sale of a companys common shares to public investors. ... The Hong Kong Stock Exchange (Chinese: 香港交易所, also 港交所; abbreviated as SEHK and HKSE; HKEx: 0388) is the stock exchange of Hong Kong. ... October 5 is the 278th day of the year (279th in Leap years). ... This article is about the year 2000. ...


Operations

World-wide House, built by the MTR corporation Limited.
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. ... 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). ... BlackBerry 7100t Telecommunication refers to communication over long distances. ...


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 is a subsidiary company owned by MTR Corporation Limited 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. ... HSBC Holdings PLC (匯豐控股有限公司) (NYSE: HBC, LSE: HSBA, HKEx: 005, Euronext: HSBC) is one of the largest banking groups in the world. ... Bank of China Limited (Chinese: 中国银行; pinyin: ) (BOC) is one of the big four state-owned commercial banks of the Peoples Republic of China. ... Two ifc 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 appearance of typical American supermarket (a Safeway) A supermarket or grocery store is a store that sells a wide variety of food. ... Wikipedia does not have an article with this exact name. ... A bookstore. ... Toms Diner, 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 be consumed on the premises. ... Tsing Yi (青衣), or Tsing Yi Island (青衣島) is an island of Hong Kong, to the northwest of Hong Kong Island. ... TheBus, established by Mayor Frank Fasi, is Honolulus only public transit system. ... A taxicab (sometimes called taxi, cab, or hack) is a vehicle for hire which conveys passengers between locations of their choice. ... 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. November 24 is the 328th day (329th on leap years) of the year in the Gregorian Calendar. ... 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) is a British train operating company set up to provide train services in the south-east of England including Kent, parts of East Sussex, and the South-East London commuter routes. ... Meanings of franchise: Full rights of citizenship given by a country or a town, especially suffrage (political franchise) In a wider sense: any right or privilege granted by constitution or statute. ...


The company conducted a feasibility report to build a light rail in Macao. 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 also explore business opportunities in Beijing Subway and metro system in Wuhan. 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 Beijing Subway, Beijing Underground or Beijing Metro (Chinese: 北京地铁 ; pinyin: BÄ›i JÄ«ng Dì Tíe) is a subway system that serves the greater Beijing area and its various outlying suburbs. ... Location within China Modern and ancient Wuhan (Simplified Chinese: 武汉; Traditional Chinese: 武漢; pinyin: ) is the capital of Hubei province, and is the largest and most populated city in central China. ...


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 MTR backs such a merge while the KCRC opposes the plan. In March 2004, the Hong Kong government officially encouraged the two organizations 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 or just KCR, is wholly owned by the Hong Kong Special Administrative Region government and based in Hong Kong. ... Look up March in Wiktionary, the free dictionary March is the third month of the year in the Gregorian Calendar and one of seven Gregorian months with the length of 31 days. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...


See also

  • MTR
  • Kowloon-Canton Railway Corporation

Logo of the MTR corporation Causeway Bay station on the Island Line. ... The Kowloon-Canton Railway Corporation (九廣鐵路公司), frequently abbreviated to KCRC or just KCR, is wholly owned by the Hong Kong Special Administrative Region government and based in Hong Kong. ...

External links


  Results from FactBites:
 
MTR - Encyclopedia, History, Geography and Biography (5467 words)
MTR Corporation Limited 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.
After extensive retrofits, the MTR system has become, in general, disabled-friendly — the trains have dedicated wheelchair space, the stations have special floor tiles to guide the blind safely on the platforms, and there are extra wide entry and exit gates for wheelchairs as well.
The network is also set to be significantly expanded with the merger of MTR Corporation Limited with the government-owned Kowloon-Canton Railway Corporation (KCRC), with the non-binding Memorandum of Understanding signed on 11 April 2006 to grant MTR Corporation operation of the existing KCR network with a service concession of 50 years.
BIGpedia - MTR - Encyclopedia and Dictionary Online (3205 words)
Construction of the MTR was prompted by a government-commissioned study released in 1967.
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.
The MTR system in general is disabled-friendly — the trains have dedicated wheelchair space, the stations have special floor tiles to guide the blind safely on the platforms, and there are extra wide entry/exit gates for wheelchairs to pass through.
  More results at FactBites »


 

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