Shanghai-listed stocks for trainmaker China CNR (6199.HKG, 601299.SHA) shot up 9.9% on news that the company had secured a contract to provide at least 284 subway cars to greater Boston, Bloomberg reported. In Hong Kong, shares for the company rose as much as 4% to an intraday record after Xinhua announced the victory. China CNR beat out competitors including Bombardier (BBD.B.TSE), Hyundai Rotem, Kawasaki Rail Car and CSR Qingdao Sifang with a US$567 million bid according to a proposal posted on the Massachusetts Department of Transportation’s website.
