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China Railway Engineering Corporation

From Wikipedia, the free encyclopedia
China Railway Engineering Corporation
Native name
中国铁路工程总公司
FormerlyGeneral Bureau of Capital Construction of the Ministry of Railways
Company typeState-owned enterprise
IndustryHolding company
Founded
  • 1958
  • 1990 (company)
Headquarters,
China
Area served
Worldwide (via subsidiaries)
Key people
Li Changjin (Chairman)
RevenueUS$ 178.6 billion (2023)[1]
US$ 2.153 billion (2023)[1]
Total assetsUS$ 258.8 billion (2023)[1]
OwnerState Council of China (100%)
Number of employees
314,149 (2023)[1]
ParentSASAC
SubsidiariesChina Railway Group Limited (54%)
Websitewww.crecg.com Edit this at 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
Transcriptions

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

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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; 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 [zh] 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 [zh].[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

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References

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  1. ^ a b c d "China Railway Engineering Group". Fortune Global 500. Fortune. Retrieved 2024-08-24.
  2. ^ 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.
  3. ^ 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.
  4. ^ 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.
  5. ^ 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.
  6. ^ "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.
  7. ^ "Amman suitable for metro project — field study". Jordan Times. 9 September 2017. Archived from the original on 9 September 2019. Retrieved 15 June 2019.
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