• Wed
  • Apr 16, 2014
  • Updated: 5:14pm

China Railway Group

China Railway Group's project in Venezuela hits snag

China Railway Group's railway project in Venezuela is suffering delays because the Venezuelan government is unable to pay the entire US$7.5 billion contract.

Thursday, 11 April, 2013, 5:07am

Business Digest, January 15, 2013

Cosco mulls €1b stake in Greece's biggest port

Mainland shipping group Cosco is considering investing €1 billion (HK$10.4 billion) for a 60 per cent stake in Greece's largest port, at Piraeus, which is on the government's privatisation agenda, financial daily Imerisia said. Cosco already has an investment in the port, which is 74 per cent state-owned. Reuters

 

15 Jan 2013 - 4:16am

Mainland property developers feel heat from rail builders

There are two new kids on the property block on the mainland, namely the nation's big railway builders, China Railway Group and China Railway Construction Corporation (CRCC), which are fast becoming major property developers that are likely to overtake leading mainland and Hong Kong players in the near future.

19 Nov 2012 - 4:13am

China Railway Construction Corp wins 13.2b yuan of orders

China Railway Construction Corporation has won two contracts worth 13.2 billion yuan (HK$16.4 billion), the company announced on the Shanghai Stock Exchange website yesterday.

13 Nov 2012 - 3:53am

Mainland rail builders expect bumper rest of the year

China Railway Group and China Railway Construction Corporation (CRCC), the two state-owned firms that build most of the mainland’s railways, anticipate increased  spending for the rest of this year as Beijing is expected to stimulate the slowing economy.

5 Sep 2012 - 2:24am

Rail chief warns next results will be derailed

China Railway Group yesterday warned that its first-half results would be hurt by the slowdown in rail spending but expected to increase orders for urban metro railways tenfold this year.

17 Apr 2012 - 12:00am

Beijing pursues probe into railway mess

The central government has discovered irregularities in some railway tenders and is investigating further, Li Changjin, chairman of China Railway Group, one of the country's two dominant state-owned rail construction firms, said yesterday.

8 Apr 2011 - 12:00am

Depressed profits hit rail firms' share prices

Shares in China Railway Group and China Railway Construction Corporation (CRCC) fell yesterday after the two state-controlled companies announced profits that fell below market expectations.

The two command more than 80 per cent of the mainland's huge rail-construction market and are also engaged in other businesses, including mining, property and roads.

1 Apr 2011 - 12:00am

China Railway to invest 18b yuan on equipment in new income areas

Newly listed China Railway Group plans to spend 18.16 billion yuan (HK$20.2 billion) this year on equipment to build bridges and subways as well as on build-operate-transfer projects, as a way to reverse the decline of its gross profit margin.

26 Apr 2008 - 12:00am

Port builder battles to maintain margins

China Communications Construction pleasantly surprised the market with an 88.6 per cent increase in last year's net profit to 6.03 billion yuan (HK$6.72 billion), but not all analysts were impressed.

14 Apr 2008 - 12:00am

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