China Railway Engineering Corporation or China Railway Group is engaged in a wide area of businesses including construction, installation, surveying, designing, Research and Development, capital management and technical consulting. China Railway Group is ranked #654 on 2008 Forbes Global 2000 list. China Railway Group is owned and under operational control of government of People's Republic of China. It is listed in Shanghai (SSE: 601390) and Hong Kong (SEHK: 390) stock exchanges.
Brief history China Railway Group was founded as a joint stock company with limited liability in accordance with People's Republic of China laws on 12th September, 2007. It is presently a large amalgamated construction group that include construction, engineering equipment manufacturing and property development.
China Railway Group has 46 subsidiary companies, including 28 fully owned companies. 15 holding subsidiaries, 4 branch companies and 3 joint venture subsidiaries are part of China Railway Group. In 2006, it was identified as third largest construction company in world.
Products and services Railway construction forms core business of China Railway Group. It is biggest railway construction contractor in mainland China. All major Chinese railway lines like Chengdu-Kunming (one of the more geographically challenging railway lines) railway, Qinghai- Tibet (highest railway line in world) railway and Datong-Qinhuangdao (longest heavy duty railway line in China) railway was built by China Railway Group. Total line length constructed by this company exceeds 50,000 kilometers. Railway bridges are constructed by this organization. More than 2,700 kilometers of railway bridges are constructed by China Railway Group. 2,800 kilometers of railway tunnels are also constructed.
China Railway Group manufacture signal and communication technologies associated with railways. Major railway stations like Nanjing Railway Station and Beijing Railway Station are constructed by this company.
Financials China Railway Group posted a net profit of about RMB 93 billion in third quarter of 2008. Market capitalization was around RMB 104.35 billion. Total revenues were nearly RMB 73,450 million.
Awards and recognition China Railway Group was ranked #342 in Fortune Global 500 companies. It is listed #417 in World's Most Influential Brands and ranked #13 in China's Top 500 Enterprises.
Current financial crisis China Railway Group suffered considerable foreign exchange losses totaling US $325 million due to 2008 financial crisis. Prices of stocks have also gone down.
Eric J. Gleacher Distinguished Service Professor of Finance at the Booth School of Business at the University of Chicago. IMF’s Chief Economist from September 2003 to January 2007. Inaugural recipient of the Fischer Black Prize.
Professor of Economics & Director of the Earth Institute at Columbia University. Special Adviser to the UN Secretary-General on the Millennium Development Goals. Founder & co-President of the Millennium Promise Alliance.
Chancellor of the Exchequer of the United Kingdom from 1992 to 2007. Prime Minister of the UK between 2007 and 2010. Inaugural 'Distinguished Leader in Residence' at New York University. Advisor at World Economic Forum
CEO and co-CIO of PIMCO. Served as President and CEO of the Harvard Management Company for 2 years, while also working at the IMF for 15 years. In 2008, his book "When Markets Collide", won the Financial Times award for Business Book of The Year in addition to being named as the one of the best business books of all time by The Independent.
Andrea Edwards has worked in marketing and communications all over the globe for 20 years, and is now focused on her passion – writing. A gifted communicator, strategist, writer and avid blogger, Andrea is Managing Director of SAJE, a digital communications agency, and The Writers Shop – a regional collaboration between the best business writers in Asia Pacific