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China Railway Group Limited

From Alfawiki
Adapted from the English Wikipedia article China Railway Group Limited, available under CC BY-SA 4.0Updated 10 August 2025
China Railway Group Limited
Company typePublic
IndustryConstruction, Engineering
PredecessorChina Railway Engineering Corporation
Headquarters
China
Area served
Worldwide (notably Southeast Asia and Africa)
ProductsConstruction, surveying and design services, equipment installation, manufacturing, R&D, technical consultancy, capital management, international trade and economic operations
OwnerChina Railway Engineering Corporation (state-owned)
ParentChina Railway Engineering Corporation

China Railway Group Limited, commonly referred to as CREC (derived from its parent entity China Railway Engineering Corporation), is a prominent Chinese construction enterprise publicly traded on both the Shanghai Stock Exchange and the Hong Kong stock exchange. The principal shareholder is the state-owned China Railway Engineering Corporation (CRECG).

In terms of revenue, CREC was recognized as the largest construction company globally in the 2015 Engineering News-Record "Top 225 Global Contractors" ranking. The following year, CRECG secured the 57th position on the Fortune Global 500 list and ranked 7th among the Top 500 Chinese Enterprises.

Business areas

Holding a dominant position within China's construction sector, CREC undertakes substantial infrastructure projects internationally, particularly across Southeast Asia and Africa. Its business scope extends beyond construction to encompass surveying and design services, equipment installation, manufacturing, research and development, technical consultancy, capital management, as well as international trade and economic operations.

History

In November 2007, CREC revealed intentions to offer A shares and H shares on the Shanghai and Hong Kong Stock Exchanges respectively, with initial public offering prices set between 4 and 4.8 yuan for A shares and from 5.03 to 5.78 Hong Kong dollars for H shares. Subsequently, on 10 March 2008, CREC was included in the Hang Seng China Enterprises Index.

In support of Venezuela's railway development, CREC commenced construction in 2009 of the $800 million Anaco-Tinaco high-speed railway—a 471-kilometer line traversing vital agricultural zones.

That same year, CREC’s subsidiary COVEC, along with two other Chinese firms, won a contract to build segments of Poland's A2 motorway. Despite initial advancements and proven technical capabilities, the project ultimately faltered due to poor management within a stringent regulatory framework, resulting in COVEC’s removal from the project.

In 2016, a CREC subsidiary, China Railway Engineering Equipment Group, delivered Singapore’s first commercial rectangular tunnel boring machine for use on the Thomson–East Coast MRT line underpass.

In the media

The activities of a CREC subsidiary operating in the Democratic Republic of the Congo were highlighted in the 2011 documentary Empire of Dust, directed by Belgian filmmaker Bram Van Paesschen.

On 28 March 2025, a powerful earthquake measuring magnitude 7.7 struck Myanmar’s Sagaing Region and caused significant destruction in Bangkok. Among the damage was the collapse of a 30-story building under construction for Thailand’s State Audit Office in Chatuchak district. The building was being developed by a joint venture between Italian-Thai Development PLC and China Railway Number 10 (Thailand) Co., Ltd., a subsidiary of CREC.

Subsidiaries

CREC consolidated its former top ten bureaus from the Ministry of Railways into core subsidiaries:

Other notable subsidiaries include:

Former design bureau:

Subsidiaries with significant non-controlling interests include:

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