Another wholly-owned subsidiary of China Railway Construction Corporation Limited, China Railway Construction Capital Holdings Group Co., Ltd., was inaugurated in Beijing on April 28, 2020. The formation of the group is a quality strategic project committed by China Railway Construction to enhance the industrial competitiveness of the enterprise, and is responsible for the cultivation of new businesses and the development of new economic growth points beyond the main business.

China Railway Construction Chairman Chen Fenjian, Capital Group Chairman Wang Xiuming, and China Construction Bank Vice President Zhang Gengsheng jointly unveiled the establishment of the Capital Group. China Railway Construction Executive Director Chen Dayang, Executive Director Liu Ruchen, Secretary of the Discipline Inspection Commission Li Chunde, Vice President Li Ning, and Vice President Wang Lixin attended the unveiling ceremony.

Capital Group is organized on the basis of CRCC Finance, Chenghe Insurance, China Railway Golden Leasing, and CRCC Assets. The establishment of the group is a major strategic decision made by China Railway Construction Corporation to deeply implement the Party Central Committee's structural reform on the financial supply side, strengthen the integration of industry and finance, enhance the integration of the enterprise's industrial chain, and create a "quality railway construction". Capital Group is a wholly-owned subsidiary of China Railway Construction Corporation, with a registered capital of 9 billion yuan, and its registered address is in Shenzhen Qianhai Shenzhen-Hong Kong Cooperation Zone. , Financial information consulting and services, financial technology development and services, and industrial investment related to China Railway Construction.

Chen Fenjian said in his speech that the Capital Group bears the historical responsibility of promoting the leap-forward development of China's railway construction industry financial business. As a starting point for CRCC member companies and industrial transformation, strengthen overall planning for financial business and build a one-stop service system for CRCC Finance. We must forge ahead, deepen reform and innovation, continue to improve the financial layout, communicate with local governments, and closely connect with financial institutions and capital markets, deepen "financial coordination", and accelerate the expansion of financial licenses with high industrial and financial integration and great development potential. Deeply promote the reform of management mechanism, establish a salary incentive and performance appraisal system suitable for the development of China Railway Construction Financial Industry, and continuously stimulate the vitality of enterprises. It is necessary to build up the bottom line of risk, to operate steadily and in compliance, to be in awe, to strengthen the awareness of risk compliance, and to improve the ability to prevent risks. Chen Fenjian hopes that all employees of the Capital Group will dare to take the lead, do practical work, and strive to build the group into a comprehensive financial service platform with first-class services, outstanding benefits, and industry leading.

In his speech, Zhang Gengsheng said that over the years, China Construction Bank and China Railway Construction have gone hand in hand. The scale of cooperation between the two parties has continued to expand, the intensity of cooperation has continued to strengthen, and the scope of cooperation has been increasingly broadened, and fruitful cooperation has been achieved. The establishment of a capital group by China Railway Construction has provided a broader space for bilateral cooperation in various fields. China Construction Bank will give full play to its own service advantages, actively meet the strategic deployment and development needs of Capital Group, continuously innovate financial products and financial services, and deepen cooperation between the two parties in various fields. China Construction Bank is willing to work with China Railway Construction Corporation on the basis of consolidating the existing cooperation, continue to exert their respective advantages, practice new development concepts, and jointly contribute to the construction of the national governance system, high-quality economic development and the realization of a better life for the people.

In his speech, Wang Xiuming introduced the basic situation, development goals and future plans of the Capital Group. He said that the capital group will base on the real economy, make full use of China Railway Construction's strong resource advantages, closely focus on the combination of industry and finance and financial coordination, adhere to strategic guidance, and implement development positioning; layout of financial licenses to help the development of the main business; clarify business boundaries , Strengthen financial coordination; optimize intensive management, strengthen risk management and control, provide a strong financial impetus for the development of China Railway Construction ’s main business, and strive to develop into an industry-leading and first-class financial control platform for central enterprises after three to five years of unremitting efforts.

Tiejian Capital Holding Group will seize development opportunities, by integrating development resources and combining China Railway Construction's existing industrial foundation, give full play to the advantages of the platform, and create more value in the development of new industries and new formats. Editor / Zhao Yongjing