The hottest official announced that China National

Guan Xuan! China National Railway Group Co., Ltd. was established in Beijing

official announcement! China National Railway Group Co., Ltd. was established in Beijing

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implement the decision and deployment of the CPC Central Committee on accelerating the joint-stock reform of China Railway Corporation. With the approval of the State Council, China Railway Corporation restructured and established China National Railway Group Co., Ltd., which was listed in Beijing today

the implementation of corporate reform in national railway enterprises is an important decision of the CPC Central Committee and the State Council to deepen the reform of state-owned enterprises and accelerate the joint-stock reform of China Railway Corporation; It is a major measure to deepen the reform of the railway system, establish a modern enterprise system, and promote the rule of law and market-oriented operation; It is the internal requirement for national railway enterprises to further innovate the system and mechanism and realize the transformation from traditional transportation production-oriented enterprises to modern transportation operation-oriented enterprises

since 2017, the railway system has successively implemented the reform of the corporate system of the railway administration, the reform of the internal organization of the Railway Corporation, the reform of the corporate system of its non transportation enterprises, and the reform of the internal organization of the railway administration group, providing an important institutional and institutional guarantee for promoting the high-quality development of the railway. At present, the railway industry shows a good development trend, the transportation safety remains stable, the passenger and freight transportation continues to grow, the operating efficiency continues to improve, the railway construction is promoted scientifically and orderly, and the scientific and technological innovation achievements are fruitful, which has laid a solid foundation and created favorable conditions for deepening the reform of the company system

China National Railway Group Co., Ltd., established after the restructuring, is managed by the central government. It is a wholly state-owned company established in accordance with the company law of the people's Republic of China. It undertakes the responsibilities of railway transportation operation, construction and safety stipulated by the state, is responsible for the unified dispatching and command of railway transportation, makes overall arrangements for the allocation of road capacity resources, and undertakes the public welfare transportation tasks stipulated by the state, Be responsible for the liquidation of transportation income and the management of income in the railway industry. With the approval of the State Council, the company is a state authorized investment institution and a state holding company. The Chinese abbreviation of the company is "China Railway", the English full name is "China State Railway Group Co., Ltd.", the English abbreviation is "China Railway", and the English abbreviation is "CR". The registered capital of the company is 1739.5 billion yuan, with railway passenger and freight transportation as the main business and diversified operation. The creditor's rights, debts, brands, qualification certificates and intellectual property rights of the former China Railway Corporation are inherited by the restructured China National Railway Group Co., Ltd

according to the relevant provisions of the constitution of the Communist Party of China, the Party group of the Communist Party of China National Railway Group Co., Ltd. is established to play a leading role, take direction, manage the overall situation and ensure implementation, discuss and decide on major matters of the company in accordance with the provisions, and uphold and strengthen the party's overall leadership over state-owned enterprises. The company sets up trade unions and Communist Youth League organizations to carry out work under the leadership of the Party group of the company

in accordance with relevant national laws and regulations, the company does not have a shareholders' meeting, and the Ministry of Finance performs the duties of a contributor on behalf of the State Council. The company has a board of directors and managers, and establishes a corporate governance structure. In accordance with relevant national laws, regulations and policies, the company establishes labor, personnel and distribution systems that meet the requirements of modern enterprise systems and production and operation needs, and establishes and improves financial and accounting systems. According to the needs of business development, the company may establish subsidiaries, branches, representative offices and other branches according to law. All wholly-owned subsidiaries and holding companies of the company, under the centralized and unified organization and command of the company, carry out railway passenger and freight transportation and other business operations in accordance with the law, and assume the main body of safety, operation and stability

the establishment of China National Railway Group Co., Ltd. is conducive to giving full play to the important role of railway as the backbone of the national comprehensive transportation system, improving the capital efficiency and benefits of national railway, enhancing the endogenous driving force, market vitality and anti risk ability of enterprise development, and better serving the national strategy and economic and social development; It is conducive to accelerating the construction of a modern enterprise system in which metal carbides and/or nitrides cannot be peeled off, improving the corporate governance structure, and improving the management level and market competitiveness of national railway enterprises; It is conducive to promoting national railway enterprises to speed up the market, improving the service quality of railway passenger and freight transportation, and meeting the growing needs of the people for a better life