China Railway Engineering Corporation

China Railway Engineering Corporation
State-owned enterprise
Founded
  • 1950
  • 1990 (company)
Headquarters Beijing, China
Area served
 Worldwide
Key people
 Chairman: Li Changjin
Products Holding company
Owner State Council of China (100%)
Parent SASAC
Subsidiaries China Railway Group Limited
Website www.crec.cn/ Edit this on Wikidata
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

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.

History

The history of the company could be traced back to 1950, which was the General Bureau of Capital Construction of the Ministry of Railways.[1] In 1989, China Railway Engineering Corporation (CRECG) and China Railway Construction Corporation (CRCCG) were formed as subsidiaries of the ministry. In 2000, they were transferred from the ministry to "Central Large Enterprise Work Commission" of the Communist Party of China. 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.

Numbers of former subsidiary of CRECG were now belongs to CRCCG, namely China Railway First Survey and Design Institute Group.[2]

In 2007, a limited company was incorporated (China Railway Group Limited), CRECG transferred most of their assets to the subsidiary.[3] In 2008, the subsidiary became a publicly traded company which floats in Shanghai and Hong Kong Stock Exchange.

References

  1. ↑ HISTORY, REORGANIZATION AND CORPORATE STRUCTURE Filing in Hong Kong Stock Exchange
  2. ↑ 企业机构变迁沿革 (in Chinese). China Railway First Survey and Design Institute Group.
  3. ↑ 與中鐵工的關係 Filing in Hong Kong Stock Exchange (in Chinese)
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