China State Railway Group Company, Ltd., doing business as China Railway (CR), is the national passenger and freight railroad corporation of the People's Republic of China. China Railway operates passenger and freight transport throughout China with 18 regional subsidiaries. By September 2022, the total assets of China Railway Group are CNY 9.06 trillion (USD 1.24 trillion). Under the Chinese Corporate Law, China Railway Corporation was reorganized into China State Railway Group Co., Ltd. on June 18, 2019, instead of Industrial Enterprises Owned by the Whole People. This meant the Ministry of Finance would act as an investor on behalf of the state and the company would be led by a board and managed by board-chosen executives. More information...
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