China Railway Engineering Corporation
The China Railway Engineering Corporation (CRECG) is a state-owned holding company of China, which is under the supervision of the State Council. The company is the major shareholder of China Railway Group Limited (CREC), its subsidiary.
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Native name | 中国铁路工程总公司 |
|---|---|
| Formerly | General Bureau of Capital Construction of the Ministry of Railways |
| Company type | State-owned enterprise |
| Industry | Holding company |
| Founded |
|
| Headquarters | , China |
Area served | Worldwide (via subsidiaries) |
Key people | Li Changjin (Chairman) |
| Revenue | US$ 178.6 billion (2023)[1] |
| US$ 2.153 billion (2023)[1] | |
| Total assets | US$ 258.8 billion (2023)[1] |
| Owner | State Council of China (100%) |
Number of employees | 314,149 (2023)[1] |
| Parent | SASAC |
| Subsidiaries | China Railway Group Limited (54%) |
| Website | www |
| China Railway Engineering Corporation | |||
|---|---|---|---|
| Simplified Chinese | 中国铁路工程总公司 | ||
| Traditional Chinese | 中國鐵路工程總公司 | ||
| |||
History
editThe history of the company could be traced back to 1950 which two bureaus of the Ministry of Railways were formed (Chinese: 工程总局; lit. 'construction bureau' and Chinese: 设计总局; lit. 'design bureau').[2] In 1958, the design bureau and the construction bureau were merged to form the General Bureau of Capital Construction of the Ministry of Railways (Chinese: 铁道部基本建设总局). From 1950 to 1990, the General Bureau was a government agency for many railway construction as well as highway bridge. A subsidiary of the General Bureau, The Major Bridge Engineering Bureau, now China Railway Major Bridge Engineering Group was said to construct over 1,000 bridges from 1953 to 2009.[3]
In 1989, the Ministry of Railways decided to form China Railway Engineering Corporation (Chinese: 中国铁路工程总公司; CRECG)[4] as well as fellow competitor China Railway Construction Corporation (CRCCG) as subsidiaries. CRECG was formally registered on 7 March 1990.[4] In 2000, they were transferred from the ministry to "Central Large Enterprise Work Commission" of the Chinese Communist Party. In 2003, they were under supervision of State-owned Assets Supervision and Administration Commission (SASAC), a commission of the State Council. Since then, they became competitors despite both being state-owned.[citation needed]
Numbers of former subsidiary of CRECG were now belongs to CRCCG, such as China Railway First Survey and Design Institute Group.[5]
In 2007, a limited company was incorporated (China Railway Group Limited), CRECG transferred most of their assets to the subsidiary.[6] In 2008, the subsidiary became a publicly traded company which floats in Shanghai and Hong Kong Stock Exchange.[citation needed]
Projects
edit
Cambodia CRECG with Ministry of Public Works and Transport planned the Siem Reap - Phnom Penh - Doun Kaev - Kampot High Speed Railway.[citation needed]
Jordan China Railway Engineering Corporation with Ministry of Transport of Jordan planned the Amman Metro.[7]
References
edit- ^ a b c d "China Railway Engineering Group". Fortune Global 500. Fortune. Retrieved 2024-08-24.
- ^ 公司简介 [About us] (in Chinese (China)). China Railway Group Limited. Archived from the original on 16 December 2018. Retrieved 24 February 2019.
- ^ 中铁大桥局，引领中国桥梁事业发展. People's Daily (overseas edition) (in Chinese (China)). 22 September 2009. Archived from the original on 4 November 2013. Retrieved 18 February 2019.
- ^ a b "History, Reorganization and Corporate Structure" (PDF). Global Offering (Prospectus). Translated by anonymous. China Railway Group Limited. 22 November 2007. Archived from the original on 18 February 2019. Retrieved 18 February 2019 – via Hong Kong Exchanges and Clearing website.
- ^ 企业机构变迁沿革 (in Chinese (China)). China Railway First Survey and Design Institute Group. 12 June 2008. Archived from the original on 24 February 2019. Retrieved 24 February 2019.
- ^ "Relationship with CRECG" (PDF). Global Offering (Prospectus). Translated by anonymous. China Railway Group Limited. 22 November 2007. Archived from the original on 18 February 2019. Retrieved 18 February 2019 – via Hong Kong Exchanges and Clearing website.
- ^ "Amman suitable for metro project — field study". Jordan Times. 9 September 2017. Archived from the original on 9 September 2019. Retrieved 15 June 2019.
External links
edit- Official website
(in Chinese and English)