Core Viewpoint - The Guangdong Pearl River Delta Intercity Railway Company has undergone a significant ownership change, with the Guangzhou Metro Group taking full control and the withdrawal of the Guangzhou Railway Group, marking a transformative shift in regional transportation integration [1][2][4]. Ownership Structure Changes - The ownership structure of the Guangdong Pearl River Delta Intercity Railway Company has shifted from a joint investment by the Guangzhou Railway Group and other stakeholders to a new structure dominated by local entities, with the Guangzhou Municipal Government holding 42.04% and the Guangzhou Metro Group holding 32.50% [3][4]. - The Guangzhou Railway Group's previous 13.6172% stake has been redistributed among the Guangdong Railway Construction Investment Group (10.0809%), the Guangzhou Railway Investment Construction Group (3.0401%), and the Shenzhen Metro Group (0.4962%) [2][3]. Transportation Integration and Reform - The complete withdrawal of the Guangzhou Railway Group allows for deeper reforms in the Guangdong intercity railway system, enhancing local governance over intercity rail operations [6][12]. - The integration of the intercity railway with urban metro systems aims to create a unified transportation network in the Greater Bay Area, facilitating seamless travel across cities [6][10]. Operational Developments - The Guangzhou Metro Group has initiated various measures to promote the integration of intercity and metro services, including the establishment of a dedicated subsidiary for intercity railway operations [7][8]. - The operational model is evolving towards a "public transport" approach for intercity rail, with recent expansions allowing for the connection of multiple intercity lines under the management of the Guangzhou Metro Group [8][10]. Future Trends - The ongoing integration efforts are expected to accelerate the development of a cohesive transportation network in the Greater Bay Area, enhancing passenger mobility and operational efficiency [10][12]. - As of the end of last year, the Guangdong intercity railway network included four operational lines, with six additional lines under construction, further expanding connectivity among major cities in the region [11][12].