Guangzhou metro firm starts trading on Shenzhen Stock Exchange

Guangzhou Metro Design and Research Institute Co Ltd, a subsidiary of the Guangzhou Metro Group, announces a listing in the Shenzhen Stock Exchange on Thursday. [Photo provided to chinadaily.com.cn] Guangzhou Metro Design and Research Institute Co Ltd, a subsidiary of the Guangzhou Metro Group, launched its initial public offering on the Shenzhen Stock Exchange on Thursday, aiming to facilitate its business expansion. The company, established in 1993 in Guangzhou, the capital of Guangdong province, plans to boost its production capacity and increase its efficiency of information and smart metro control systems by raising 537 million yuan ($80.68 million) through the…