(Yicai Global) Jan. 3 -- The Beijing-Shanghai High Speed Railway has fixed its offering price for its shares [SHA:601816] at CNY4.88 (USD0.70), it announced today.

The total funds raised in this initial public offering are projected at about CNY31 billion (USD4.45 billion). Investors can submit online and offline purchases applications from Jan. 6, per the statement.

Editor: Ben Armour