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, 2012:



|                                                                             |  |                          |  |                                          
|---------------------------------------------------------------------------- |  | ------------------------ |  | -----------------------------------------
|Name                                                                         |  | Country of Incorporation |  | Percentage of Interestheld by our Company
|Guangshen Railway Station Dongqun Trade and Commerce
Service Company Limited |  | PRC                      |  | 100%                                     
|                                                                             |  |                         
|Shenzhen Fu Yuan Enterprise Development Company Limited                      |  | PRC                      |  | 100%                                     
|                                                                             |  |                         
|Shenzhen Guangshen Railway Travel Service Limited                            |  | PRC                      |  | 100%                                     
|                                                                             |  |                         
|Shenzhen Pinghu Qun Yi Railway Store Loading and
Unloading Company Limited   |  | PRC                      |  | 55%                                      
|                                                                             |  |                         
|Dongguan Changsheng Enterprise Company Limited                               |  | PRC                      |  | 51%                                      
|                                                                             |  |                         
|Shenzhen Railway Station Passenger Services Company
Limited                  |  | PRC                      |  | 100%                                     
|                                                                             |  |                         
|Guangzhou Tielian Economy Development Company Limited                        |  | PRC                      |  | 50.5%                                    
|                                                                             |  |                         
|Shenzhen Nantie Construction Supervision Company Limited                     |  | PRC                      |  | 76.66%                                   
|                                                                             |  |                         
|Guangzhou Railway Huangpu Service Company Limited                            |  | PRC                      |  | 100%                                     
|                                                                             |  |                         
|Shenzhen Guangshen Railway Economic and Trade Enterprise Company Limited     |  | PRC                      |  | 100%                                     
|                                                                             |  |                         
|Shenzhen Railway Property Management
Company Limited                         |  | PRC                      |  | 100%                                     
|                                                                             |  |                         
|Shenzhen Shenhuasheng Storage and Transportation
Company Limited             |  | PRC                      |  | 100%