China Railway Construction
 |
|
| Public | |
| Traded as |
|
| Industry | Construction |
| Founded | 1948 1990 (holding company) 2007 (listed company) |
| Headquarters | Beijing, China |
|
Area served
|
Worldwide |
|
Key people
|
Chairman: Fengchao Meng |
| Products | Railways |
| Services | Railway infrastructure |
| Revenue | CN¥592 billion (2014) |
| CN¥14 billion (2014) | |
| CN¥12 billion (2014) | |
| Owner |
Central Chinese Government (61.3%) General Public |
|
Number of employees
|
249,624 (2014) |
| Parent | China Railway Construction Corp. |
| Subsidiaries | CCECC (100%) |
| Website | www |
| China Railway Construction Corporation Limited | |||||||
| Simplified Chinese | 中国铁建股份有限公司 | ||||||
|---|---|---|---|---|---|---|---|
| Traditional Chinese | 中國鐵建股份有限公司 | ||||||
|
|||||||
| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Zhōngguó Tiějiàn Gǔfèn Yǒuxiàn Gōngsī |
China Railway Construction Corporation Limited (abbreviated CRCC) is a state-owned construction enterprise based in Beijing, China, that is the second largest construction and engineering company in the world by revenue in 2014
The limited company was incorporated in 2007 in order to float the assets of China Railway Construction Corporation [Group] (CRCCG, simplified Chinese: 中国铁道建筑总公司; traditional Chinese: 中國鐵道建築總公司, or the holding company) in Shanghai and Hong Kong stock exchange. CRCCG retained some assets which was deemed not suitable to float in the stock exchange.
CRCCG is under the supervision of the State-owned Assets Supervision and Administration Commission of the State Council. Since February 2008, A shares and H shares of CRCC are listing on the and stock exchanges.
The financial report of the parent company (holding company) is not disclosed. As both parent and subsidiary share almost the same English name, one without the word "Limited" (they have different names in Chinese), the business activities of the holding company was often incorrectly mixed up with the publicly floated limited liability subsidiary by the media.
Formerly the railway arm of the People's Liberation Army (found 1948 and became part of the Ministry of Railways from 1982). Along with China Railway Engineering Corporation, both railway construction super conglomerates were under the Ministry until 2000.
In 2003, China Civil Engineering Construction Corporation, another former entity of the Ministry of Railways, was assigned to China Railway Construction Corporation as its subsidiary.
In preparation for listing, China Railway Construction Corporation Limited was incorporated in 2007 as a with limited liabilities which received most of the assets of the parent company. 5 Build-operate-transfer projects were not included, namely Chongqing Tiefa Suiyu Highway, Nanjing Yangtze River Tunnel, Beijing Tongda Jingcheng Highway, Xianyang Zhongtie Road and Bridge and Guangdong Chaojie Highway. Later on in 2015 CRCC bought Chongqing Tiefa Suiyu Highway from the parent company, while 20% was retained by Chongqing Expressway Co., Ltd.
...
Wikipedia