EXHIBIT 8.1

List of Subsidiaries of Guangshen Railway Company Limited

The following table lists information concerning the significant subsidiaries of Guangshen Railway Company Limited, or the Company, as of December 31, 2019:

Name	Country of  Incorporation		Percentage of Interest held by our Company
Dongguan Changsheng Enterprise Company Limited		PRC		51	%
Shenzhen Fu Yuan Enterprise Development Company Limited		PRC		100	%
Shenzhen Pinghu Qun Yi Railway Store Loading and Unloading Company Limited		PRC		100	%
Shenzhen Guangshen Railway Economic and Trade Enterprise Company Limited		PRC		100	%
Shenzhen Railway Station Passenger Services Company Limited		PRC		100	%
Guangzhou Guangshen Railway Station Dongqun Trade and Commerce Service Company Limited		PRC		100	%
Guangzhou Railway Huangpu Service Company Limited		PRC		100	%
Zengcheng Lihua Stock Company Limited		PRC		44.7	%