中文 Contact Us
Home > SOEs News

A glimpse into CSCEC's journey during 40 years of China's reform and opening up

Updated: 2018-11-21

China State Construction Engineering Corporation Ltd (CSCEC) has brought to a close its "CSCEC Journey of Miracles" activity, which presented its infrastructure achievements since China's reform and opening-up began in 1978.

The activity, held for eight months from April to November this year, invited many government officials, experts, reporters, college teachers and students, as well as the public from both home and abroad to visit more than 50 projects (including nine overseas projects) in 37 cities across eight countries in Asia, Europe, the Americas and Oceania. 

The development and growth of CSCEC indicates the magnificent process of China's reform and opening-up. 

Xiong’an Public Service Center invested and operated by CSCEC_副本.jpg

The Xiong'an Public Service Center invested and operated by CSCEC [Photo/sasac.gov.cn]

In April 1984, the Shenzhen International Trade Building, at that time the highest building in China, was successfully capped, one month ahead of schedule. It was of the best quality and was built with the fastest speed. CSCEC was the first to use the advanced slipform construction technology, which became synonymous with the reform and opening-up and rapid development of the Shenzhen Special Economic Zone. 

In April 2018, the Public Service Center project in Xiong'an was completed and put into use; only 112 days were required for construction. CSCEC explored the development model of Xiong'an New District and adopted an integrated model of investment, construction, operation and fund management to provide integrated solutions, creating the "Xiong'an mode" and drawing worldwide attention. 

From "Shenzhen speed" to "Xiong'an quality", CSCEC always stands at the forefront of China's reform and opening-up, offering innovation and progress.

Innovative spirit further strengthens 

CSCEC stepped up the pace for reform and opening-up with a growing innovative spirit.

In 1995, two objectives were put forward for CSCEC's reform and development. One was to realize system innovation and another was to be a world-class multi-functional and modern transnational group. 

In the course of its international operations, CSCEC has gradually established and perfected a management model and system which can meet the needs of market development. Its businesses have been changed from low-level labor export and project contracts to high-level general contracting, the EPC, and investment-driven financing.

The Shenzhen International Trade Building, the highest building in China .jpg

The Shenzhen International Trade Building, the highest building in China [Photo/sasac.gov.cn]

CSCEC also standardized an internal management, income distribution and management mechanism, which allowed it to gradually change from traditional planned economy administration to market economy enterprise management. 

In 2005, the scale of CSCEC exceeded 100 billion yuan ($14.41 billion). 

In December 2007, CSCEC's reform and development reached a new stage. The founding of China State Construction Holding Co Ltd marked the birth of a large-scale modern enterprise with a perfect system, international standards and willingness to engage market competition. Two years later, CSCEC was listed and made the world's largest IPO that year. 

In the same year, it became the "central SOE with profits of over 10 billion yuan". 

1 2 >

Copyright ©  State-owned Assets Supervision and Administration Commission of the State Council All rights reserved. Presented by China Daily