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MTR

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The MTR or Mass Transit Railway (HKSE:0066) is the metro of Hong Kong. It is operated by MTR Corporations Ltd., a company listed on the Hong Kong Stock Exchange and included in the Hang Seng Index.

History of MTR corporation and its business scope

The MTR Corporation Limited came into operation on 30 June, 2000 to succeed the Mass Transit Railway Corporation which was established in 1975 as a government wholly owned statutory corporation. The principle business is to operate mass transit railway system. Following a successful Initial Public Offering, the shares of MTR were listed on the Stock Exchange of Hong Kong on 5 October, 2000. Besides railway operations, the Corporation 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 including rental of retail and poster advertising space, ATM banking facilities and personal telecommunication services. It also provides consultancy services to organizations worldwide.

The principle business of MTR Corporation is to operate mass transit railway system. With its excellent operation, business management and planning, it becomes a safe, comfortable, fast and effective transportation means that is widely used by Hong Kong people.

Trains

The network has 6 lines:

The system utilises Octopus cards, rechargeable contact-less smart cards that automatically calculate and deduct the fare for each trip, as well as the traditional ticketing system.

See also Transportation in Hong Kong.

It is also an excellence corporation which involve other field of business, such as shopping malls, property development, Octopus Access Control System ATM banking facilities and consultant service etc.

Shopping Malls

In order to develop the surrounding environment of the railway station, there is a huge sum of investment in large shopping centres. For instance, Maritime Square, which is one of the nautical-themed mall, which includes everything that is essential to our daily lives, supermarkets, boutiques,bookstores, cinema, restaurants etc. Nevertheless, it is easily accessible with its link with most of the transportation means: MTR, buses, taxi…..etc. You can have an enjoyable, convenient shopping experience in Maritime Square. And this is the goal of the MTR Corporation- to provide a good quality working and living surroundings around the railway lines. Other than Maritime Square, Paradise Mall, Telfold Plaza, Luk Yeung Galleria etc. all are the shopping centres of MTR Corporation.

Properties Management

Property is the main business of the Corporation. They try to develop suitable sites related to their new railway projects and their existing railway. For instance, the reclaimed land situated on the west Kowloon, will become an area with residential, office and retail development. Two banks in Hong Kong, HSBC and Bank of China, have office towers there. Furthermore, there are residential flats nearby, provided with more than 7000 flats. Recreational facilities, market, schools and transport interchanges are also available. This idea fulfills the aspiration of people nowadays. Such innovative concept achieves their goal to respond to customer’s changing desire and with technological advances.

MTR Property Agency and Consultant services:

MTR Corporation extends their share in the properties field by establishing the one-stop property agency and consultant services. Well experienced, qualified and professional consultants are readily available to provide information about the new and second-hand market sales and rental issues for the buyers and sellers. Not only this, the firm has their own team of professionals who are experts in the technology of construction, marketing, financing and other fields. Hence they can maintain the quality of services by themselves.


Club and Souvenirs

Other than property management and shopping Mall etc, MTR Corporation make a lot of souvenirs also, for example, "Stationery Set in Ticket Machine Design" costs $29 per set now. It also provides a club-MTR club for public, the member can get some member benefit such as get reserve the sounvenirs, and receive MTR news each month.

Metropolis Daily Newspaper

Metropolis Daily Hong Kong was launched on 15 April 2002 and was distributed for free in racks of 48 MTR stations. According to the Hong Kong Audit Bureau of Circulations in September 2002, the daily circulation of the newspaper is 302,197 copies and is the third largest daily newspaper in Hong Kong. The paper is in Chinese and includes an English international section. According to Metropolis, the paper can be read in a "19 minute commute". The paper is distributed from Monday through Friday, by hand and from racks in 48 MTR stations and 11 other key central locations.

Use of MTR stations for fortune telling

The famous Little Astrology prince has set up a MTR astrology game. This is when you can use your birth date, and the Little Astrology prince will relate it to a MTR station and predict your character and love life.


External links

For Journey time and Fare enquire: