China Communications Construction

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China Communications Construction Company 中国交通建设股份

Type	State-owned enterprise
Founded	2005
Headquarters	Beijing, China
Area served	People's Republic of China
Key people	Chairman: Mr. Zhou Jichang
Industry	Infrastructure
Services	Road and port infrastructure
Parent	China Communications Construction Group
Website	China Communications Construction Company Website

China Communications Construction Company (CCCC) Group, China Communications in short form, (SEHK: 1800) (Traditional Chinese:中國交通建設, Simplified Chinese: 中国交通建设) was established in Mainland China in 2005, with 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) (Traditional Chinese:上海振華港口機械, Simplified Chinese:上海振华港口机械) and Road and Bridge Construction (Traditional Chinese:路橋建設, Simplified Chinese:路桥建设).

The chairman of the group is Mr. Zhou Jichang (Traditional Chinese:周紀昌, Simplified Chinse:周纪昌).

[edit] Prospect

CCCC is the largest Mainland China's infrastructure government-owned enterprise company listed in Hong Kong Stock Exchange Market. Some of its stock were bought by some of billionaires, 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.

Many economic analysts pointed out that CCCC will benefit from China's rapid infrastructure development to cope with Beijing Olympics and Five Year Plan. With the support of the central government, the company's construction orders will perform desirable to reflect the development of China's civil construction market in the future.

With its optimistic prospects and stockholders' support and also the effects of Qualified Domestic Institutional Investor (QDII) from Mainland China, CCCC's stock price has been sharply increased from HK$4.60 (IPO Price) to more than HK$20.00 currently.

[edit] Misunderstanding

Many investors believed that CCCC is the joint-venture company of the Bank of China, 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.