China Railway Group Limited(“CREC”) is a mega corporation group integrating survey and design, construction and installation, industrial manufacturing, real estate development, resources and mineral products, financial investment and other services headquartered in Beijing China. As one of the world’s largest construction engineering contractors, China Railway Group Limited enters World Top 500 Enterprises for 10 years in succession. In 2015, it ranks in the 71st place among Fortune World Top 500 Enterprises and the 11th place among Top 500 Chinese Enterprises.
China Railway Group Limited has a history of over 100 years. In March 1950, Project Bureau and Design Bureau of Ministry of Railways of China were established. Then they changed into Basic Construction Bureau of Ministry of Railways. In July 1989, Ministry of Railways cancelled Basic Construction Bureau and organized China Railway Engineering Corporation. In September 2000, the company was separated from Ministry of Railways and transferred to administration of Large Company Working Committee. In April 2003, it transferred to administration of State-owned Assets Supervision and Administration Commission (SASAC) of the State Council. On September 12, 2007, China Railway Engineering Corporation initiated construction of China Railway Group Limited. On December 3 and 7, 2007, the Group listed in Shanghai Stock Exchange and the Stock Exchange of Hong Kong respectively.
China Railway Group Limited has Railway Project General Contracting Special Grade Qualification, Road Engineering Project General Contracting Grade 1 Qualification, Municipal Project General Contracting Grade 1 Qualification and Grade 1 Qualifications of General Contracting of Bridge, Tunnel, Road Subgrade and Pavement Engineering Works approved by Ministry of Housing and Urban-Rural Development of the People's Republic of China (MOHURD). It has also obtained Urban Rail Transit Engineering Project Contracting Qualification, Foreign Economic Cooperation and Operation Certificate and Import and Export Enterprise License.
China Railway Group Limited has participated in construction of over 1000 railways successively and assumes new construction, reconstruction and extension of over two thirds of total mileage of Chinese railways; the electrified railways it built takes up 90% of the total number of electrified railways in China; it has participated in construction of one tens of total mileage of Chinese expressways; it has participated in construction of three fifths of urban rail transit projects.
Business scope of China Railway Group Limited almost covers all fields of basic construction including railway, highway, municipal works, house building, urban rail transit, water conservation and hydropower engineering, airport, harbor and dock. It can provide a package of “vertical integration” turnkey services of the construction industry. In addition, the company carries out relevant diversified strategies and has made good development in survey and design, industrial equipment and parts manufacturing, real estate development, exploitation of mineral resources, expressway operation and financial services.
China Railway Group Limited has accumulated rich experience in research and development and manufacturing of grand bridges, deep water bridges, long tunnels, electrified railways, steel bridge structures, shields and high-speed railway turnout and construction of skid fields. It has developed unique management and technology advantages. Speaking of bridge building technologies, it owns many world advanced building technologies; its technologies of tunnel and metro construction are at the leading position in China. Some technologies even lead the world; its railway electrification technology represents the highest level of China.
China Railway Group Limited has advanced mechanical equipment. Among all relevant enterprises in China, the number of tunneling machines it owns is the largest (shield and TBM). Its hoisting ship has the largest hoisting capacity in Asia. It also has the whole set of deep sea operation and construction equipment. In China, it has the largest number of bridge girder erection machines and track layers used for railway construction and the largest number of overhead contact track construction equipment used for construction of electrified railways. The Group can develop and manufacture world advanced specialized heavy industrial machines by itself. Moreover, the Group is one of the three enterprises that can manufacture TBM independently and own the intellectual property right.
China Railway Group Limited is the first batch “innovative enterprise” selected by Ministry of Science and Technology, SASAC and All China Federation of Trade Unions (ACFTU). It has won 101 National Prizes for Progress in Science and Technology including 4 special awards and 14 first prizes; and owns 145 National Grade Normalized Construction Methods; it owns 4,396 valid patented licenses including 1050 patents for invention; it has “National Engineering Laboratory for High-speed Railway Construction Technology” and “National Key Laboratory for Shield and Tunneling Technologies”; it has 7 postdoctoral centers and 11national enterprise technology centers.
Now, China Railway Group Limited has over 280,000 employees including69,314 intermediate and senior technicians, 2academicians of Chinese Academy of Engineering, 8 young and middle-age experts with outstanding contributions to the country, 5 national engineering investigation and design masters and 309 experts enjoying special government allowance of the State Council. Moreover, it has 52,700 high-tech talents.
China Railway Group Limited enjoys a good reputation in the global market for long. Since the 1970s when the 1861km Tanzania-Zambia Railway Project started till now, it has constructed many high-quality projects in Asia, Africa, Europe, South America and Oceania. In 2014, its overseas business income reached RMB27,000,000,000. Now, it has offices, branches, project departments or other overseas agencies in more than 60 counties and regions.
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