China Communications Construction
Encyclopedia
China Communications Construction Company (CCCC) Group, China Communications in short form, is an infrastructure and engineering group based on mainland China.
in 2005 from the merger of China Harbour Engineering Company Group
and China Road and Bridge Group. The group is engaged in the construction
and design of transportation infrastructure
dredging and port
machinery manufacturing business. It is the largest port construction and design company in China, the largest dredging company in China and the third largest in the world.
It now holds two subsidiary
companies, Shanghai Zhenhua Port Machinery Company
(ZPMC) and Road and Bridge Construction
.
The chairman of the group is Mr. Zhou Jichang (Traditional Chinese:周紀昌, Simplified Chinese:周纪昌).
Market. Some of its stock were bought by some of billionaire
s, including Li Ka Shing
, Lee Shau Kee
, Joseph Lau
, Robert Kuok
and Alwaleed bin Talal, during its initial public offering
(IPO) on December 2006. China Life Insurance Group, Chow Tai Fook Group and Government of Singapore Investment Corporation
were its strategic stockholders.
, the Bank of Communications
and the China Construction Bank
, but it is irrelevant to them since it is engaged in constructions industry, rather than bank industry. However, CCCC now holds the stocks of the Bank of Communications and the China Merchants Bank
.
History
The group was established in Mainland ChinaMainland China
Mainland China, the Chinese mainland or simply the mainland, is a geopolitical term that refers to the area under the jurisdiction of the People's Republic of China . According to the Taipei-based Mainland Affairs Council, the term excludes the PRC Special Administrative Regions of Hong Kong and...
in 2005 from the merger of China Harbour Engineering Company Group
China Harbour Engineering Co Ltd
China Harbour Engineering Co Ltd or CHEC is an engineering contractor which provides infrastructure construction, such as marine engineering, dredging and reclamation, road and bridge, railways, airports and plant construction...
and China Road and Bridge Group. The group is engaged in the construction
Construction
In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking...
and design of transportation infrastructure
Infrastructure
Infrastructure is basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function...
dredging and port
Port
A port is a location on a coast or shore containing one or more harbors where ships can dock and transfer people or cargo to or from land....
machinery manufacturing business. It is the largest port construction and design company in China, the largest dredging company in China and the third largest in the world.
It now holds two subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
companies, Shanghai Zhenhua Port Machinery Company
Shanghai Zhenhua Port Machinery Company
Shanghai Zhenhua Port Machinery Company , in short form Shanghai Zhenhua , is the world's largest manufacturer of cranes and large steel structures.-History:...
(ZPMC) and Road and Bridge Construction
Road and Bridge Construction
Road and Bridge Construction Company Limited is a subsidiary company of China Communications Construction Group. It mainly engages in highway, bridge, port, tunnel, drainage and other civil engineering constructions. It also engages in production and sales of road machineries...
.
The chairman of the group is Mr. Zhou Jichang (Traditional Chinese:周紀昌, Simplified Chinese:周纪昌).
IPO Investors
CCCC is the largest Mainland China's infrastructure government-owned enterprise company listed in Hong Kong Stock ExchangeHong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
Market. Some of its stock were bought by some of billionaire
Billionaire
A billionaire, in countries that use the short scale number naming system, is a person who has a net worth of at least one billion units of a given currency, usually the United States dollar, Euro, or Pound sterling. Forbes magazine updates a complete list of U.S. dollar billionaires around the...
s, including Li Ka Shing
Li Ka Shing
Sir Ka-shing Li, GBM, KBE, JP is a Chinese business magnate based in Hong Kong. He is the richest person of East Asian descent in the world and the eleventh richest person in the world with an estimated wealth of US$26.0 billion on 10 March 2011...
, Lee Shau Kee
Lee Shau Kee
Lee Shau-kee GBM is a property developer and majority owner of Henderson Land Development , a property conglomerate with interests in properties, hotels, restaurants and internet services...
, Joseph Lau
Joseph Lau
Joseph Lau Luen Hung is a billionaire Hong Kong real estate investor who owns a 61% stake in Chinese Estates Holdings. His fortune is estimated by Forbes at $4.3 billion.-Wealth:...
, Robert Kuok
Robert Kuok
Robert Kuok Hock Nien , is an influential Malaysian Chinese businessman. According to Forbes his net worth is estimated to be around $12.5 billion on May 2011, making him the richest person in Malaysia and Southeast Asia....
and Alwaleed bin Talal, during its initial public offering
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
(IPO) on December 2006. China Life Insurance Group, Chow Tai Fook Group and Government of Singapore Investment Corporation
Government of Singapore Investment Corporation
The Government of Singapore Investment Corporation Private Limited is a sovereign wealth fund established by the Government of Singapore in 1981 to manage Singapore's foreign reserves...
were its strategic stockholders.
Misunderstanding
Many investors believed that CCCC is the joint-venture company of the Bank of ChinaBank of China
Bank of China Limited is one of the big four state-owned commercial banks of the People's Republic of China. It was founded in 1912 by the Government of the Republic of China, to replace the Government Bank of Imperial China. It is the oldest bank in China...
, the Bank of Communications
Bank of Communications
Bank of Communications Limited , founded in 1908, is one of the largest banks in China.-Before 1949:The Bank of Communications was founded in 1908 and emerged as one of the first few major national and note-issuing banks in the early days of the Republic of China...
and the China Construction Bank
China Construction Bank
China Construction Bank is one of the 'big four' banks in the People's Republic of China. To date, it is ranked as the nation's second largest and the second largest bank in the world by market capitalization and 12th largest company in the world. The bank has approximately 13,629 domestic branches...
, but it is irrelevant to them since it is engaged in constructions industry, rather than bank industry. However, CCCC now holds the stocks of the Bank of Communications and the China Merchants Bank
China Merchants Bank
China Merchants Bank is a bank headquartered in Shenzhen, China. Founded in 1987, it is the first share-holding commercial bank wholly owned by corporate legal entities.CMB has over five hundred branches in mainland China and one in Hong Kong...
.