The China Railway Engineering Corporation (CRECG) is a

state-owned State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownersh ...

holding company of China, which is under the supervision of the

State Council State Council may refer to: Government * State Council of the Republic of Korea, the national cabinet of South Korea, headed by the President * State Council of the People's Republic of China, the national cabinet and chief administrative auth ...

. The company is the major shareholder of

China Railway Group Limited China Railway Group Limited known as CREC (the acronym of its predecessor and parent company China Railway Engineering Corporation) is a Chinese construction company which floats in Shanghai and Hong Kong stock exchanges. The major shareholder o ...

(CREC), its subsidiary.

History

The history of the company could be traced back to 1950 which two bureaus of the Ministry of Railways were formed ( and ). In 1958, the design bureau and the construction bureau were merged to form the General Bureau of Capital Construction of the Ministry of Railways (). 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 was said to construct over 1,000 bridges from 1953 to 2009. In 1989, the Ministry of Railways decided to form China Railway Engineering Corporation (; CRECG) as well as fellow competitor China Railway Construction Corporation (CRCCG) as subsidiaries. CRECG was formally registered on 7 March 1990. In 2000, they were transferred from the ministry to "Central Large Enterprise Work Commission" of the

Communist Party of China The Chinese Communist Party (CCP), officially the Communist Party of China (CPC), is the founding and sole ruling party of the People's Republic of China (PRC). Under the leadership of Mao Zedong, the CCP emerged victorious in the Chinese Civil ...

. In 2003, they were under supervision of State-owned Assets Supervision and Administration Commission (SASAC), a commission of the

. Since then, they became competitors despite both being state-owned. Numbers of former subsidiary of CRECG were now belongs to CRCCG, such as . In 2007, a

limited company In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by Share (finance), shares or by guarantee. In a company limited by ...

was incorporated (

), CRECG transferred most of their assets to the subsidiary. In 2008, the subsidiary became a publicly traded company which floats in

Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flow ...

and

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...

Projects

Cambodia Cambodia (; also Kampuchea ; km, កម្ពុជា, UNGEGN: ), officially the Kingdom of Cambodia, is a country located in the southern portion of the Indochinese Peninsula in Southeast Asia, spanning an area of , bordered by Thailand t ...

CRECG with Ministry of Public Works and Transport constructed the

Siem Reap Siem Reap ( km, សៀមរាប, ) is the second-largest city of Cambodia, as well as the capital and largest city of Siem Reap Province in northwestern Cambodia. Siem Reap has French colonial and Chinese-style architecture in the Old F ...

Phnom Penh Phnom Penh (; km, ភ្នំពេញ, ) is the capital and most populous city of Cambodia. It has been the national capital since the French protectorate of Cambodia and has grown to become the nation's primate city and its economic, indus ...

- Doun Kaev - Kampot High Speed Railway. *

Jordan Jordan ( ar, الأردن; tr. ' ), officially the Hashemite Kingdom of Jordan,; tr. ' is a country in Western Asia. It is situated at the crossroads of Asia, Africa, and Europe, within the Levant region, on the East Bank of the Jordan Rive ...

China Railway Engineering Corporation with Ministry of Transport of Jordan constructed the

Amman Metro Amman (; ar, عَمَّان, ' ; Ammonite Ammonoids are a group of extinct marine mollusc animals in the subclass Ammonoidea of the class Cephalopoda. These molluscs, commonly referred to as ammonites, are more closely related to living ...

References

External links

* (currently redirect to the official website of China Railway Group Limited, the subsidiary) {{authority control Government-owned companies of China Chinese companies established in 1958 Holding companies established in 2007 Chinese companies established in 2007 Chinese companies established in 1990