China Railway Engineering Corporation

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Not to be confused with China Railway Construction Corporation Limited, another railway infrastructure enterprise in China.
Not to be confused with China Railway, the national railway operator in China.
China Railway Engineering Corporation
State-owned
Founded 1950
1990 (company)
Headquarters Beijing, China
Area served
China
Key people
Chairman: Li Changjin
Products holding company
Owner Chinese Government (100%)
Subsidiaries China Railway Group Limited
China Railway Group Limited
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 under the supervision by the State Council. The company is the major shareholders of China Railway Group Limited (CREC), its successor.

History[edit]

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, a department of the State Council. Since then, they became competitor despite both 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 public limited company which floats in Shanghai and Hong Kong Stock Exchange.

References[edit]

  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 (Chinese)

External links[edit]