China Railway Engineering Corporation Explained

China Railway Engineering Corporation
Native Name:中国铁路工程总公司
Type:State-owned enterprise
Location City:Beijing
Location Country:China
Former Name:General Bureau of Capital Construction of the Ministry of Railways
Key People:Li Changjin (Chairman)
Area Served:Worldwide (via subsidiaries)
Industry:Holding company
Parent:SASAC
Subsid:China Railway Group Limited (54%)
Owner:State Council of China (100%)
China Railway Engineering Corporation
S:中国铁路工程总公司
T:中國鐵路工程總公司
Order:st

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 two bureaus of the Ministry of Railways were formed (and).[1] In 1958, the design bureau and the construction bureau were merged to form the General Bureau of Capital Construction of the Ministry of Railways . 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 was said to construct over 1,000 bridges from 1953 to 2009.[2]

In 1989, the Ministry of Railways decided to form China Railway Engineering Corporation (; CRECG)[3] as well as fellow competitor China Railway Construction Corporation (CRCCG) as subsidiaries. CRECG was formally registered on 7 March 1990.[3] 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.

Numbers of former subsidiary of CRECG were now belongs to CRCCG, such as .[4]

In 2007, a limited company was incorporated (China Railway Group Limited), CRECG transferred most of their assets to the subsidiary.[5] In 2008, the subsidiary became a publicly traded company which floats in Shanghai and Hong Kong Stock Exchange.

Projects

Notes and References

  1. Web site: http://www.crecg.com/chinazt/1116/1120/1124/index.html. zh:公司简介. About us. 24 February 2019. China Railway Group Limited. zh-cn. https://web.archive.org/web/20181216225854/http://www.crecg.com/chinazt/1116/1120/1124/index.html. 16 December 2018. live.
  2. News: http://paper.people.com.cn/rmrbhwb/html/2009-09/22/content_347966.htm. zh:中铁大桥局,引领中国桥梁事业发展. 22 September 2009. 18 February 2019. People's Daily (overseas edition). zh-cn. https://web.archive.org/web/20131104010613/http://paper.people.com.cn/rmrbhwb/html/2009-09/22/content_347966.htm. 4 November 2013. dead.
  3. Book: http://www3.hkexnews.hk/listedco/listconews/sehk/2007/1122/00390_252968/E115.pdf. History, Reorganization and Corporate Structure. Global Offering. Prospectus. China Railway Group Limited. Hong Kong Exchanges and Clearing website. 22 November 2007. 18 February 2019. anonymous. https://web.archive.org/web/20190218202022/http://www3.hkexnews.hk/listedco/listconews/SEHK/2007/1122/LTN20071122230.HTM. 18 February 2019. live.
  4. Web site: http://www.fsdi.com.cn/art/2008/6/12/art_3947_686433.html. zh:企业机构变迁沿革. 12 June 2008. 24 February 2019. China Railway First Survey and Design Institute Group. zh-cn. https://web.archive.org/web/20190224174339/http://www.fsdi.com.cn/art/2008/6/12/art_3947_686433.html. 24 February 2019. live.
  5. Book: http://www3.hkexnews.hk/listedco/listconews/SEHK/2007/1122/00390_252968/E118.pdf. Relationship with CRECG. Global Offering. Prospectus. China Railway Group Limited. Hong Kong Exchanges and Clearing website. 22 November 2007. 18 February 2019. anonymous. https://web.archive.org/web/20190218202022/http://www3.hkexnews.hk/listedco/listconews/SEHK/2007/1122/LTN20071122230.HTM. 18 February 2019. live.
  6. News: Amman suitable for metro project — field study . Jordan Times . 9 September 2017 . 15 June 2019 . en . https://web.archive.org/web/20190909110421/http://www.jordantimes.com/news/local/amman-suitable-metro-project-%E2%80%94-field-study . 9 September 2019 . live .