On February 22, 2023, the project team from the School of Economics and Management at Beijing Jiaotong University convened a dynamic symposium with China National Railway Group Co., Ltd., delving into the profound research on market-oriented capital management models for railway enterprises. Professors Li Xuewei and Shi Xianliang, both luminaries from the School of Economics and Management, expertly presided over the symposium, engaging in a spirited discussion and knowledge-sharing session with Director Shao Yuping and his team. The symposium saw enthusiastic participation from teachers, graduate students, and other members of the institute.

The impetus for this symposium originated with Professor Liu Yingqi, Director of the Department of Enterprise Management. The overarching goal was to delve into the intricacies of China's economic system reform and the reform of state-owned enterprises. By scrutinizing a market-oriented capital management model tailored to the unique challenges of China Railway Corporation, the team aimed to propose innovative ideas and plans for the market-oriented restructuring of the corporation, ultimately enhancing its operational quality and management proficiency.

Kicking off the symposium, Shi Xianliang, the Dean of the School of Economics and Management, extended a warm welcome to the esteemed team from China National Railway Group Co., Ltd. He then invited Director Shao Yuping to provide an in-depth introduction to the research ideas and content surrounding market-oriented capital management models for railway enterprises. Beginning with a historical perspective on the market development of Chinese railways, Director Shao Yuping illustrated the research objectives and significance, providing rich examples, notably promoting the pilot project of railway infrastructure REITs.

Following this insightful start, Chen Yuli, Secretary of the Party Branch and Minister of the Financial Business Unit, and others intricately detailed the research content of the market-oriented capital management model for railway enterprises. Their presentation delved into global REITs governance models, exploring the characteristics of major country REITs governance models. Building on this, they summarized the experiences drawn from both domestic and foreign REITs governance models. Notably, they shared the governance model and operational mechanism of railway REITs, proposing ideas and suggestions for the restructuring and reform of market-related enterprises, with the ultimate goal of establishing a comprehensive market-oriented management evaluation index system for railway enterprises.

Addressing the development needs of China's railways, Director Lu Chao and Professor Ke Xinsheng engaged in in-depth discussions on the current weaknesses and problems within China's REITs governance model, outlining a target system for enhancement.

In the symposium's conclusion, Professor Liu Yingqi provided a comprehensive overview of the project's approach. Emphasizing the importance of case analysis within the context of socialism with Chinese characteristics in the new era, she highlighted its role in aiding enterprises to understand the national situation and grasp development trends accurately. The study of REITs governance models worldwide was deemed significant for the development of China's railway enterprises and the construction of a market-oriented management evaluation index system. The call was not just to learn from international models but to craft a unique market-oriented capital management model tailored to the development nuances of socialism with Chinese characteristics.

This symposium, dedicated to deepening the market-oriented capital management model for railway enterprises, not only broadened the horizons of teachers and students but also deepened their understanding of Chinese railway enterprises. It fostered further exchange and cooperation between the college and China National Railway Group Co., Ltd., marking the event as an unequivocal success.

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Established in 2019 and headquartered in Haidian District, Beijing, China National Railway Group is a diversified enterprise primarily engaged in railway passenger and freight transportation. The company oversees the unified dispatch and command of railway transportation, coordinates network capacity resource allocation, manages public welfare transportation tasks mandated by the state, and assumes responsibility for the settlement of transportation revenue and income in the railway industry.