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In a rare exclusive interview since taking over the helm as the MTR Corporation’s non-executive chairman in 2019, Rex Auyeung Pak-kuen revealed planned expansion into the Greater Bay Area through a transit-oriented development strategy.

He also revealed the corporation was in the midst of an ongoing review of its international operations in mainland China, as well as in Macau, the United Kingdom, Sweden and Australia. Even though the international portfolio “had not been a drag on its bottom line” and produced a bigger profit in 2022, the review could lead to a re-look of unviable sectors if needed, he said.

The Hong Kong rail operations, which Auyeung described as fillet mignon, will remain the mainstay of the corporation.

In the next five years, the corporation will embark on a revamped regime of repairing and maintaining its 44-year-old rail network through a 20 per cent increase in spending to HK$65 billion. Part of the repair and maintenance regime will rely on deployment of technology.

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