China Railway Corporation has signed agreements with four Chinese banks to formally launch a national railway development fund, according to Chinese official media reports. The fund, named China Railway Development Fund Company Ltd., did not disclose how much capital it has secured so far. China Railway Corporation is the fund's major backer, and the individual […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.