Beijing - China is working to reform the finance system for its railways, according to a report carried by the People's Daily Overseas Edition.

After initiating the reforms earlier this week, The Ministry of Railways is considering related measures, like absorbing more foreign investment, listing more railway enterprises and issuing more bonds.

China's plan to build 17,000 kilometers of new rail lines in the next 5 years, which needs a total investment of 1.25 billion yuan, or more than 156 million US dollars.