China Railway Construction Corporation Limited (abbreviated CRCC) is a listed construction enterprise based in Beijing, China, that was the second largest construction and engineering company in the world by revenue in 2014.[3]
The limited company was incorporated in 2007 in order to float the assets of China Railway Construction Corporation [Group] (CRCCG,, or the holding company) in Shanghai and Hong Kong stock exchange. CRCCG retained some assets which was deemed not suitable to float in the stock exchange.
Following the 2022 Russian invasion of Ukraine the company continued doing business in Russia, including discussing building a tunnel to Crimea. For this reason Ukraine listed CRCC as an International Sponsor of War.
Corporate structure
CRCCG is under the supervision of the State-owned Assets Supervision and Administration Commission of the State Council. Since February 2008, A shares and H shares of CRCC are listing on the Shanghai and Hong Kong stock exchanges.
The financial report of the parent company (holding company) is not disclosed. As both parent and subsidiary share almost the same English name, one without the word "Limited" (they have different names in Chinese), the business activities of the holding company was often incorrectly mixed up with the publicly floated limited liability subsidiary by the media.