The Changchun-Beijing High Speed Maglev Line is a joint venture between Manchuria and China currently under construction and is estimated to commence operations in October 2013. The operator, the ChangchunBeijing Express Line Ltd, is owned 49% by the national railway operator of the PRC China Railway Corporation and 51% by the Xiansheng Investment Group (Manchuria). Trains will be able to operate at speeds in excess of 300 km/h over 95% of the line, and will even be able to operate at 380 km/h on some streches of the line.