China Railway Engineering Corporation

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China Railway Engineering Corporation
Formerly
General Bureau of Capital Construction of the Ministry of Railways
State-owned enterprise
IndustryHolding company
Founded
  • 1958
  • 1990 (company)
Headquarters,
China
Area served
Worldwide (via subsidiaries)
Key people
Chairman: Li Changjin
OwnerState Council of China (100%)
ParentSASAC
SubsidiariesChina Railway Group Limited (54%)
Websitewww.crecg.com 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[edit]

The 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; literally: 'construction bureau' and Chinese: 设计总局; literally: 'design bureau').[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 (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 [zh] 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 (Chinese: 中国铁路工程总公司; 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 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, such as China Railway First Survey and Design Institute Group [zh].[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[edit]

  • Jordan Jordan China Railway Engineering Corporation with Ministry of Transport of Jordan constructed the Amman Metro.[6]

References[edit]

  1. ^ 公司简介 [About us] (in Chinese). China Railway Group Limited. Retrieved 24 February 2019.
  2. ^ 中铁大桥局,引领中国桥梁事业发展. People's Daily (overseas edition) (in Chinese). 22 September 2009. Retrieved 18 February 2019.
  3. ^ a b "History, Reorganization and Corporate Structure" (PDF). Global Offering (Prospectus). Translated by anonymous. China Railway Group Limited. 22 November 2007. Retrieved 18 February 2019 – via Hong Kong Exchanges and Clearing website.
  4. ^ 企业机构变迁沿革 (in Chinese). China Railway First Survey and Design Institute Group. 12 June 2008. Retrieved 24 February 2019.
  5. ^ "Relationship with CRECG" (PDF). Global Offering (Prospectus). Translated by anonymous. China Railway Group Limited. 22 November 2007. Retrieved 18 February 2019 – via Hong Kong Exchanges and Clearing website.
  6. ^ "Amman suitable for metro project — field study". Jordan Times. 9 September 2017. Retrieved 15 June 2019.

External links[edit]