China Railway Construction Corporation

China Railway Construction Corporation Limited (abbreviated CRCC) is a listed construction enterprise based in Beijing, China, that was the second largest construction and engineering company in the world by revenue in 2014.[3]
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.[4]
Following the 2022 Russian invasion of Ukraine the company continued doing business in Russia, including discussing building a tunnel to Crimea. For this reason Ukraine listed CRCC as an International Sponsors of War.
== Corporate structure[edit] ==
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 Shanghai and Hong Kong 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.
=== Subsidiaries of CRCC[edit] ===
* China Railway Bureau Groups numbered 11 through 25 (the Bureau Groups numbering 1 through 10 belong to competitor China Railway Engineering Corporation)
** China Railway Construction Bridge Engineering Bureau Group Co., Ltd. (former 13th Bureau)
* China Civil Engineering Construction Corporation (CCECC)
* CRCC High-tech Equipment (CRCCE)
* China Railway Construction Group Ltd.
* China Railway Electrification Bureau Group Co., Ltd.
* China Railway Real Estate Group Co., Ltd.
* China Railway Goods and Materials Co., Ltd.
* Kunming China Railway Large Maintenance Machinery Co., Ltd.
* China Railway Construction Investment Co., Ltd.
* CRCC Finance Company Limited
* China Railway Urban Construction Group Co., Ltd.
* CRCG (M) Sdn Bhd (Formerly known as China Railway Oversea Engineering (M) Sdn Bhd)
== History[edit] ==
=== Founding[edit] ===
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. The company maintains links to the People's Liberation Army.[5]
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.[citation needed]
=== IPO[edit] ===
In preparation for listing, China Railway Construction Corporation Limited was incorporated in 2007 as a joint-stock company with limited liabilities which received most of the assets of the parent company.[4] 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.[6]
The company premiered on the Shanghai and Hong Kong in February 2008, raising US$5.7 billion, making the second largest IPO of that year. The performance was poorer than expected because of poor investment atmosphere from United States subprime mortgage crisis and China's economic macro-control.
Category:Government-owned companies of China
Category:Construction and civil engineering companies of China
Category:Real estate companies of China
Category:Railway construction companies of China
Category:Defence companies of the People's Republic of China
Category:Chinese companies established in 1948
Category:Chinese companies established in 2007