China State Railway Group Co., Ltd. (CHINA RAILWAY) is a solely state-owned enterprise under the management of the central government, established in accordance with the approval of the State Council and the Company Law of the People's Republic of China. It is approved by the State Council as a State authorized investment entity and state-owned holding enterprise with a registration capital of RMB 1,739.5 billion. The Ministry of Finance performs the duties of the capital contributor on behalf of the State Council.
According to the articles of Constitution of the Communist Party of China, the Party Leadership Group is established in China State Railway Group Co., Ltd. to lead the enterprise, to identify directions, control the overall situation, and guarantee implementation, and also to discuss and make decisions on significant issues in accordance with relevant regulations.
CR focuses on railway passenger and freight transport services and carries out diversified business operation. Its responsibilities include: unified control and command of railway transport, unified allocation of transport capacity of the network, public welfare transport specified by national regulations and railway revenue clearing and income management. It accepts administrative supervision and public supervision to perform safety evaluation on new state railway lines to be put into operation, assure transport safety, enhance service quality, improve economic returns and enhance market competitiveness. It will also insist on high quality development, maintain and add value to state-owned assets and make the state-owned capital stronger, bigger and better.
