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.
11-561: The history of the company could be traced back to 1950 which two bureaus of the Ministry of Railways were formed ( Chinese : 工程总局 ; lit. 'construction bureau' and Chinese : 设计总局 ; lit. 'design bureau'). In 1958, the design bureau and the construction bureau were merged to form the General Bureau of Capital Construction of the Ministry of Railways ( Chinese : 铁道部基本建设总局 ). From 1950 to 1990,
22-593: A limited company was incorporated ( China Railway Group Limited ), CRECG transferred most of their assets to the subsidiary. In 2008, the subsidiary became a publicly traded company which floats in Shanghai and Hong Kong Stock Exchange . Ministry of Railways (China) The Ministry of Railways ( MOR ) was a constituent department of the State Council of the People's Republic of China . The ministry
33-744: The General Administration of Customs of the People's Republic of China . He initially held several lower positions in the Ministry of Railways, and moved up the ranks starting in 2000. Sheng was also a member of the 17th Central Committee of the Chinese Communist Party . Born in April 1949 in Nanjing , Jiangsu , he is a member of China's majority Han ethnic group and holds a bachelor's degree. While deputy governor of
44-532: 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 China Railway Major Bridge Engineering Group [ zh ] 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 ( Chinese : 中国铁路工程总公司 ; CRECG) as well as fellow competitor China Railway Construction Corporation (CRCCG) as subsidiaries. CRECG
55-587: The Ministry of China Railway Communication, he supported the creation of China Netcom to compete with China Telecom . He became a board member of China Netcom and the Ministry of Railways was given a quarter interest in the company. Sheng replaced his predecessor Liu Zhijun who was dismissed for corruption. During his tenure, the Wenzhou train collision occurred on July 23, 2011, killing 40, and injuring 192 (12 severely). Sheng retired in October 2016. He
66-458: The Ministry of Railways. As of 2008, approximately 2 million people worked in the Ministry of Railways. Sheng Guangzu Sheng Guangzu ( Chinese : 盛光祖 ; pinyin : Shèng Guāngzǔ ; born 5 April 1949) was the last Chinese Minister of Railways , before the position was abolished in March 2013, and the first Genenal Manager of China Railway Corporation . He was formerly the head of
77-645: The rail industry. The Ministry of Railways' predecessor was the Qing and the Republican Ministry of Posts and Communications . On 10 March 2013, it was announced that the Ministry would be dissolved and its duties taken up by the Ministry of Transport (safety and regulation), National Railway Administration (inspection) and China Railway Corporation (construction and management), in part addressing concerns about calls for independent supervision of
88-400: The rail industry. The last minister was Sheng Guangzu . MOR, acting as a corporation in the debt market , has sold 60 billion yuan of bonds in 2007. For the year 2009, MOR planned to sell at least 100 billion yuan ($ 14.6 billion) worth of construction bonds to finance a large expansion of the country's rail network . There were 16 railway bureaux and 2 railway group companies under
99-626: Was formally registered on 7 March 1990. In 2000, they were transferred from the ministry to "Central Large Enterprise Work Commission" of the Chinese Communist Party . In 2003, they were under supervision of State-owned Assets Supervision and Administration Commission (SASAC) , a commission of the State Council . Since then, they became competitors despite both being state-owned. Numbers of former subsidiary of CRECG were now belongs to CRCCG, such as China Railway First Survey and Design Institute Group [ zh ] . In 2007,
110-661: Was replaced by Lu Dongfu , as the first director of the National Railways Administration (NRA). In November 2016, he was appointed as Vice-Chairperson of the National People's Congress Financial and Economic Affairs Committee . On 25 March 2022, he was placed under investigation for "serious violations of discipline and laws" by the Central Commission for Discipline Inspection (CCDI), the party's internal disciplinary body, and
121-618: Was responsible for passenger services, regulation of the rail industry, development of the rail network and rail infrastructure in mainland China. The ministry was also in charge of the operations of China Railway which manages the railway bureaux and companies in mainland China. On 10 March 2013, it was announced that the Ministry would be dissolved and its duties taken up by the Ministry of Transport (safety and regulation), National Railway Administration (inspection) and China Railway Corporation (construction and management), in part addressing concerns about calls for independent supervision of
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