China Railway Group Limited


China Railway Group Limited, known as CREC, is a Chinese construction company which is traded on the Shanghai and Hong Kong stock exchanges. The major shareholder of the company is the state-owned China Railway Engineering Corporation.
By revenue, CREC is the largest construction company in the world in the 2015 Engineering News-Record "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.
WWW crec.cn

Business areas

CREC holds a large share of the Chinese construction market and participates in many large-scale infrastructure projects overseas. In addition to the core business of construction, the company does business in surveying and designing, installation, manufacturing, R&D, technical consulting, capital management, as well as international economic and trade activities.

History

In November 2007, CREC announced that it would be listing A shares and H shares on the Shanghai and Hong Kong respectively. The IPO price of A share ranged from 4 to 4.8 Chinese yuan while that of H share ranged from 5.03 to 5.78 Hong Kong dollars. 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, used for an underpass of Singapore's Thomson–East Coast MRT line.

In the media

The works of a CREC subsidiary active in the Democratic Republic of the Congo are the focal point of the 2011 documentary Empire of Dust. The film is directed by Belgian filmmaker Bram Van Paesschen.
On 28 March 2025 at 12:50:52 MMT, a 2025 Myanmar earthquake Mw 7.7 earthquake struck the Sagaing Region of Myanmar. This caused extensive damage in Bangkok, Thailand. These tremors led to the collapse of a 30-story building under construction for Thailand's State Audit Office in Chatuchak district built by a joint venture between Italian-Thai Development PLC and China Railway Number 10 Co., Ltd., a CREC subsidiary.

Subsidiaries

CREC received former no.1 to 10 bureau of Ministry of Railways, which became:
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.
  • China Railway Construction Group Co., Ltd.
  • China Railway Tunnel Group Co., Ltd.
  • China Railway Engineering Equipment Group
  • China Railway BAOJI Bridge Group
  • China Railway Science & Industry Group
  • China Railway International Group Co., Ltd.
  • 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.
;non-wholly owned subsidiaries that have material non-controlling interests
  • Yunnan Fuyan Expressway Co., Ltd.
  • Guangxi Cenxing Expressway Development Co., Ltd.