On May 27, 2020, China Railway Construction issued an announcement that the company plans to establish two subsidiaries with a total investment of 2.8 billion yuan.

The 39th meeting of the 4th Board of Directors of China Railway Construction Corporation agreed to establish a joint venture between China Railway Construction Railway City Development Co., Ltd. and Chengdu Rail Transit Group Co., Ltd. in accordance with a 60%: 40% equity ratio. China Railway Construction Rail City Development Co., Ltd. has a registered capital of RMB 3 billion and its registered place is Tianfu New District, Chengdu. According to the proportion, China Railway Construction needs to invest 1.8 billion yuan.

It is reported that the business scope of China Railway Construction Rail City Development Co., Ltd. includes investment and financing, planning, design, construction management, construction, operation and maintenance of urban (intercity) rail transit; land consolidation, real estate development and operation; urban (intercity) rail Development and management of resources along the transportation system (stations), related areas, and underground space; planning, development, and management of operating projects formed using urban (intercity) rail transit resources; property management, commercial operations; and design of municipal public works With construction etc.

It was agreed that China Railway Construction Investment Group Co., Ltd., a wholly-owned subsidiary of the company, and China Railway Construction Real Estate Group Co., Ltd. and China Civil Engineering Group Co., Ltd. jointly established China Railway Construction Jiangwan Investment Co., Ltd. in accordance with the 45%: 45%: 10% equity ratio. Jiangwan Company has a registered capital of RMB 1 billion and its registered place is Pengjiang District, Jiangmen City, Guangdong Province. According to Tianyancha data, China Civil Engineering Group is also a subsidiary of China Railway Construction, so the company was wholly-owned by China Railway Construction.

Jiangwan Company's business scope: land consolidation; real estate development and operation; urban renewal and transformation; investment promotion service; real estate consulting service; house leasing; property management; enterprise management service; municipal public engineering investment and construction operation; urban rail transit facility engineering construction service; garden Greening project construction services; municipal engineering services; equity investment in other emerging industries.

The emergence of the two subsidiaries has given rise to the rapid development of China Railway Construction Business, laying a good foundation for the future to become the hegemony of the construction industry. Editor / Peng Xue