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China Railway Corporation

CHINA RAILWAY (CR) is a solely state-owned enterprise under the management of the central government, set up by the approval of the State Council according to the Law of the People’s Republic of China on Industrial Enterprises Owned by the Whole People, with a registration capital of RMB 1,036 billion.
  According to the Scheme of Institutional Reform and Function Transformation of the State Council approved on the first session of the 12th National People's Congress (NPC), the commercial arm of the railway sector shall be separated from the administrative arm to form CHINA RAILWAY. On March 14, 2013, CHINA RAILWAY was officially set up.