China Railway Engineering Corporation
 | |
| State-owned | |
| Founded |
1950 1990 (company) |
| Headquarters | Beijing, China |
Area served | Worldwide |
Key people | Chairman: Li Changjin |
| Products | holding company |
| Owner | Chinese Government (100%) |
| Subsidiaries | China Railway Group Limited |
| 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 under the supervision by the State Council. The company is the major shareholders of China Railway Group Limited (CREC), its subsidiary.
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.[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
News about abandonment of a railway project in Venezuela (In Spanish)[1]