China Railway Group Limited known as CREC (the acronym of its predecessor and parent company

China Railway Engineering Corporation 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. Hist ...

) is a Chinese

construction Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and ...

company which floats in

Shanghai Shanghai (; , , Standard Chinese, Standard Mandarin pronunciation: ) is one of the four Direct-administered municipalities of China, direct-administered municipalities of the China, People's Republic of China (PRC). The city is located on the ...

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 rep ...

s. The major shareholder of the company is the state-owned

(CRECG). By revenue, CREC is the largest construction company in the world in the 2015 ''

Engineering News-Record ''Engineering News-Record'' (widely known as ''ENR'') is an American weekly magazine that provides news, analysis, data and opinion for the construction industry worldwide. It is widely regarded as one of the construction industry's most authorita ...

'' "Top 225 Global Contractors". In 2016, CRECG ranks in the 57th place among ''Fortune'' Global 500 Enterprises and the 7th place among Top 500 Chinese Enterprises.

Business areas

CREC holds a large share of the Chinese construction market and participates in many large-scale

infrastructure Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and priv ...

projects overseas (especially in

countries A country is a distinct part of the world, such as a state (polity), state, nation, or other polity, political entity. It may be a sovereign state or make up one part of a larger state. For example, the country of Japan is an independent, so ...

in the

Southeast Asia Southeast Asia, also spelled South East Asia and South-East Asia, and also known as Southeastern Asia, South-eastern Asia or SEA, is the geographical south-eastern region of Asia, consisting of the regions that are situated south of mainland ...

and

Africa Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area ...

). In addition to the core business of construction, the company does business in

surveying Surveying or land surveying is the technique, profession, art, and science of determining the terrestrial two-dimensional or three-dimensional positions of points and the distances and angles between them. A land surveying professional is ...

and designing, installation,

manufacturing Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to ...

, R&D,

technical Technical may refer to: * Technical (vehicle), an improvised fighting vehicle * Technical analysis, a discipline for forecasting the future direction of prices through the study of past market data * Technical drawing, showing how something is co ...

consulting A consultant (from la, consultare "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice and other purposeful activities in an area of specialization. Consulting servic ...

capital Capital may refer to: Common uses * Capital city, a municipality of primary status ** List of national capital cities * Capital letter, an upper-case letter Economics and social sciences * Capital (economics), the durable produced goods used fo ...

management, as well as international

economic An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with th ...

and

trade Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct exc ...

activities.

History

In November 2007, CREC announced that it would be listing A shares and H shares on the

and

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a List of cities in China, city and Special administrative regions of China, special ...

respectively. The IPO price of A share ranged from 4 to 4.8

Chinese yuan The renminbi (; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China and one of the world's most traded currencies, ranking as the fifth most traded currency in the world as of April 2022. ...

while that of H share ranged from 5.03 to 5.78

Hong Kong dollar The Hong Kong dollar (, sign: HK$; code: HKD) is the official currency of the Hong Kong Special Administrative Region. It is subdivided into 100 cents or 1000 mils. The Hong Kong Monetary Authority is the monetary authority of Hong Kong ...

. CREC joined the Hang Seng China Enterprises Index from 10 March 2008. In support of a cross country railway building boom in Venezuela, CREC began construction in 2009 of the Anaco-Tinaco railroad, an 800 million USD project to building a 471 km high speed railway line through the agriculture belt. This company appeared to break new ground in the European Union in 2009 when the COVEC subsidiary along with two Chinese partners were awarded the tender to construct two parts of the A2 highway in Poland. The project began well in the design and preparation stages with COVEC demonstrating "technical acumen" but work ran aground at later stages because of mismanagement within a tight regulatory framework, ending in failure for COVEC and replacement by other contractors. In 2016, the group subsidiary China Railway Engineering Equipment Group supplied the first commercial rectangular

tunnel boring machine A tunnel boring machine (TBM), also known as a "mole", is a machine used to excavate tunnels with a circular cross section through a variety of soil and rock strata. They may also be used for microtunneling. They can be designed to bore thro ...

, used for an underpass of

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bor ...

's Thomson–East Coast MRT line.

In the media

The works of a CREC subsidiary active in the

Democratic Republic of the Congo The Democratic Republic of the Congo (french: République démocratique du Congo (RDC), colloquially "La RDC" ), informally Congo-Kinshasa, DR Congo, the DRC, the DROC, or the Congo, and formerly and also colloquially Zaire, is a country in ...

are the focal point of the 2011 documentary ''Empire of Dust''. The film is directed by Belgian filmmaker Bram Van Paesschen.

Subsidiaries

CREC received former no.1 to 10 bureau of

Ministry of Railways A Ministry of Railways is a Cabinet department that exists or has existed in many Commonwealth states as well as others. It generally occurs in countries where railroad transportation is a particularly important part of the national infrastructure ...

, which became: * China Railway First Group Co., Ltd. * China Railway No.2 Group Co., Ltd. * China Railway No.3 Engineering Group Co., Ltd. * China Tiesiju Civil Engineering Group Co., Ltd. (CTCE) * China Railway No.5 Engineering Group Co., Ltd. * China Railway Sixth Group Co., Ltd. *

China Railway Seventh Group The China Railway Seventh Group (CRSG) is a subsidiary of the construction conglomerate, China Railway Group Limited (China Railway Engineering Corporation). International projects In overseas projects, the company has operations in Africa and Sau ...

Co., Ltd. * China Railway No.8 Engineering Group Co., Ltd. * China Railway No.9 Engineering Group Co., Ltd. * China Railway No.10 Engineering Group Co., Ltd. * China Railway Electrification Bureau Group Co., Ltd. CREC also had the following subsidiaries * China Overseas Engineering Group Co., Ltd. * China Railway Major Bridge Engineering Group Co., Ltd. * China Railway Electrification Engineering Group Co., Ltd. ** China Railway Electrification Engineering Group Nanjing Co., Ltd. (30%) * China Railway Construction Group Co., Ltd. * China Railway Tunnel Group Co., Ltd. * China Railway Engineering Equipment Group (CREG) * China Railway BAOJI Bridge Group * China Railway Science & Industry Group *

China Railway International Group China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones ...

Co., Ltd. (CRECGI) * China Railway Shanhaiguan Bridge Group Co., Ltd. * China Railway Real Estate Group Co., Ltd. * China Railway Resources Group Co., Ltd. * China Railway Trust Co., Ltd. * China Railway Finance Co., Ltd. * Yichun Luming Mining Company former design bureau * China Railway Eryuan Engineering Group Co. Ltd. (CREEC or CREEGC) ;non-wholly owned subsidiaries that have material non-controlling interests * Yunnan Fuyan Expressway Co., Ltd. (10%) * Guangxi Cenxing Expressway Development Co., Ltd. (34%)

References

External links

* {{Navboxes , list = {{China Railway Companies {{Real estate companies of China {{Construction and civil engineering companies of China Companies formerly in the Hang Seng China Enterprises Index Companies listed on the Hong Kong Stock Exchange Companies listed on the Shanghai Stock Exchange Companies in the CSI 100 Index Construction and civil engineering companies of China Conglomerate companies of China Real estate companies of China H shares Railway construction companies of China Chinese companies established in 2007 Construction and civil engineering companies established in 2007