Hong Kong government maintains MTRC’s 76.8% shareholding

The government wants hands-on treatment on providing railway services and expanding transport infrastructure in Hong Kong.

The Government’s 76.8% shareholding in the Mass Transit Railway Corporation is appropriate, Secretary for Financial Services & the Treasury Prof KC Chan says.

He told lawmakers on Wednesday the Government will continue to monitor market conditions and take into account the commitment made when MTRC was privatised, in reviewing the Government's shareholding in it, according to a government report.

“When privatising the MTRC in 2000, the Government committed it would remain for at least 20 years from the date of privatisation the largest shareholder of the MTRC, and would hold no less than 50% of the shares and voting rights of the company.

“This has reflected the Government's commitment to the continuous development of the railway system and has shown local and overseas investors as well as credit-rating agencies the Government is determined to support the MTRC in its continuous provision of quality railway services and expansion of transport infrastructure in Hong Kong.”