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Can Malaysia red card buy high-speed rail tickets in China?

You can't.

You can buy tickets with your passport. Valid identity documents that can be used to purchase tickets on 12306 website include: China People's Identity Card and Chinese Resident Identity Card; Hong Kong and Macao residents travel to and from the Mainland; Mainland travel permit for taiwan residents; A valid passport that can be used according to regulations; If a child who buys a child ticket fails to apply for a valid identity document, he should use a valid identity document of his peers in exchange for a paper ticket before taking the bus.

Malaysian Immigrants According to the Immigration Act 1959/63, any foreign citizen who has obtained permanent resident status will be granted an entry permit and a red identity card. MyPR permanent resident status is indefinite and valid for life. After all visas are exempted, they will be required to enter the country and live permanently in Malaysia. The red card is the same as the Malaysian ID card.