The highest level of central enterprises

Among many central enterprises in China, the highest-ranking one is mainly reflected in its administrative level, among which the highest administrative level is ministerial level, and there are three, namely: China Investment Corporation, China CITIC Group and China Railway Group Corporation.

1. China Investment Co., Ltd.: The company was established in 2007 and merged from Central Huijin Company. Mainly responsible for representing the country in investing around the world. Its registered capital is as high as 200 billion US dollars, and it is a major shareholder of many central enterprises and financial institutions. The five non-executive directors of CIC come from five ministries and commissions, and their administrative level is equivalent to that of deputy prime minister, which shows that their administrative status is extremely high.

2. China CITIC Group: Founded in 1979, the group was founded by former vice president Rong Yiren, and its business covers many fields such as finance, industry and resources. Its total assets exceed 8 trillion, ranking among the Fortune 500. The administrative level of CITIC Group is ministerial level, and the leading group is older than other central enterprises, up to 65 years old.

3. China Railway Corporation: Established on 20 13, it was restructured from the former Ministry of Railways. It is responsible for managing the unified dispatching and command of the national 18 railway bureau and railway transportation, making overall arrangements for the allocation of road network transportation resources, and undertaking the public welfare transportation tasks stipulated by the state. China Railway Corporation has more than 6,543,800+3,000 kilometers of railway lines, with a large number of employees and huge total income. Its administrative level is also a ministerial level, which shows its important position in the national transportation field.