The Corporation was established in 1975 with a mission to construct and operate an urban metro system for Hong Kong. In June 2000 it was re-established as the MTR Corporation Limited and in October 2000 was listed on the Stock Exchange of Hong Kong. On 2 December 2007 the operations of the Government-owned rail operator, the Kowloon-Canton Railway Corporation, were merged into the MTR, heralding a new era in Hong Kong railway development.
The merged rail network comprises nine commuter railway lines, a Light Rail network, an Airport Express link as well as a new High-Speed Rail service connecting Hong Kong to the Mainland of China. With an average weekday patronage of nearly5.8 million passengers in Hong Kong, MTR is regarded as one of the world's leading railway operators for safety, reliability, customer service and cost efficiency.
The Corporation is involved in a wide range of business activities in Hong Kong in addition to its railway operations. These include the development of residential and commercial property projects, property management, shopping malls leasing and management, advertising media and telecommunication services in trains and stations.
Today, from its starting base in Hong Kong, the Corporation has expanded into the Mainland of China and taken on a range of railway-related projects and operations internationally. In the Mainland of China, the Corporation has been involved in the construction of and now operates Beijing Metro Line 4 and Line 14, Shenzhen Metro Line 4 (Longhua Line) and Hangzhou Metro Line 1. The Corporation also operates and manages Melbourne Metro in Australia, Stockholm Metro, intercity service between Stockholm and Gothenburg and Stockholm Commuter Rail Systems (Starting from December 2016) in Sweden. The Corporation was awarded the Crossrail Train Operating Concession in the United Kingdom in July 2014, and in September 2014 the Northwest Rapid Transit Consortium of which the Corporation is a shareholder, was awarded the Operations, Trains and Systems public-private partnership contract for the North West Rail Link project in Sydney.
The Corporation also offers worldwide railway consultancy and contracting services. Clients served include metro companies, government authorities and rail system suppliers in the Mainland of China, India, Australia, the Middle East and Southeast Asia.