Type State-owned enterprise Key people Chairman: Li Changjin Headquarters Beijing, China | Area served Worldwide Products holding company Founded 1950 | |
Owner Chinese Central Government (100%) Subsidiaries China Railway Group Limited Parent organization State-owned Assets Supervision and Administration Commission of the State Council | ||
China railway engineering corporation
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 subsidiary.
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China railway engineering corporation crec
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. 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.
In 2007, a limited company was incorporated (China Railway Group Limited), CRECG transferred most of their assets to the subsidiary. In 2008 the subsidiary became a publicly traded company which floats in Shanghai and Hong Kong Stock Exchange.