关键词: 股份制, 铁路, 创新, 工业化, 发展, 途径

Abstract: By employing historical, comparative and logical methods and briefing the course of railroad development at home and abroad, the article argues that the guiding principle on the reform of state-owned enterprises addressed by Comrade Jiang Zemin is correct through. The article points out: after the ups and downs in the global railroad community in the past century, joint-stock system, besides maintaining its original function in raising money, demonstrates vitality and energy in optimizing the allocation of resources among railroad enterprises, promoting economic returns and strengthening competitive power of railroad enterprises. Although joint-stock system didn’t yield perfect fruits in Old China’s railroad community, it still stands to be good to attempt to explore the way for multi-channel investment.
After analyzing the new situations and characteristics occurred in current Chinese economic and social development，the article points out: basic national conditions, geographic characters in different regions, the imbalance in economic development between regions, the difference in the adjustment of economic structures and the severity in the structures of energy and consumption decide that railroads in different regions are faced with different challenges and opportunities, that different regions have different subjects of passenger and freight, that railroad would still play a key role in the process of China’s industrialization and urbanization in 21th century, that it is complicated, urgent and stable to explore the way to reform in the railroad community that conforms to our national conditions, that the variety of railroad performing mechanisms in different regions，in different forms and by different methods. To carry out joint-stock system meets the requirement of building the system of modern enterprise, which is a realistic and effective way to speed up the development of Chinese railroad in the new century and could produce results in many aspects.

Key words: joint-stock system, railroad, innovation, industrialization, development, way