In March 2013, according to the State Council’s institutional reform and functional transformation plan, the separation of railway government and enterprises was implemented. The Ministry of Railways of the People's Republic of China and the State was abolished, and the National Railway Administration was established to assume the administrative responsibilities of the Ministry of Railways in formulating railway development plans and policies, and was subordinate to the Ministry of Transport. China Railway Corp. was established to assume the corporate responsibilities of the Ministry of Railways.

After the reform, China Railway Corporation unified dispatching and command of railway transportation, implemented centralized and unified management of the entire railway, ensured the order and safety of railway operations, ensured the completion of important transportation tasks, continuously improved management levels, and provided safety for the people , convenient and high-quality service.

China Railway Corporation assumes the corporate responsibilities of the Ministry of Railways, is responsible for unified dispatching and command of railway transportation, operates railway passenger and freight transportation business, undertakes special transport and special transport tasks, is responsible for railway construction, and is responsible for railway safety production. Responsibilities etc. my country's railways have achieved leapfrog development, ensuring the smooth operation of the national economy and the people's production and living needs. However, there are also problems such as lack of separation between government and enterprises and poor connection with other modes of transportation. In order to promote the healthy and sustainable development of railway construction and operation, ensure the order and safety of railway operations, and give full play to the overall advantages and combined efficiency of various transportation modes, it is necessary to separate railway government from enterprises and accelerate the construction of a comprehensive transportation system.

Considering that the railway is still in an important period of construction and development and undertakes many public welfare tasks at the same time, the plan proposes that the state will continue to support railway construction and development, accelerate the reform of the railway investment and financing system and freight rates, and establish a sound and standardized Public welfare routes and transportation subsidy mechanisms. At the same time, we will continue to deepen the reform of railway enterprises and establish a modern enterprise system. Opinions of the State Council on Reforming the Railway Investment and Financing System to Accelerate Railway Construction

Guofa [2013] No. 33

The people's governments of all provinces, autonomous regions, and municipalities directly under the Central Government, all ministries and commissions of the State Council, and all agencies directly under the State Council: Railway is an important national infrastructure and livelihood project, and is a resource-saving and environment-friendly mode of transportation. Reforming the railway investment and financing system and accelerating railway construction are irreplaceable in accelerating the process of industrialization and urbanization, promoting the development of related industries, stimulating reasonable growth of investment, optimizing the transportation structure, reducing social logistics costs, and facilitating safe travel for the people. important role. In recent years, my country's railway development has made remarkable achievements. However, compared with the needs of economic and social development, other transportation modes and foreign advanced levels, railways are still a weak link in the comprehensive transportation system, and their development is relatively lagging behind. At present, the railway management system has undergone major reforms and has achieved the separation of government and enterprises, which has created good conditions for deepening the reform of the railway investment and financing system, better playing the role of the government and the market, and promoting the sustainable development of railways. Facing the new situation and new requirements of railway development, comprehensively considering the conditions such as railway construction project reserves, preliminary work and construction strength, we should speed up the railway construction in the "Twelfth Five-Year Plan", strive to overfulfill the 2013 investment plan, and effectively do a good job in the next two years. Construction arrangements. Prioritize the construction of railways and related facilities in the central and western regions and poverty-stricken areas, vigorously promote poverty alleviation, promote coordinated regional development, actively and steadily promote urbanization, and comply with the people's urgent desire to improve production and living conditions and increase income. In order to ensure the smooth progress of projects under construction, the completion of production projects as scheduled, the prompt implementation of new projects, and the comprehensive realization of the "Twelfth Five-Year Plan" railway development goals, the following opinions are hereby put forward:

1. Promote the railway investment and financing system Reform and raise construction funds through multiple methods and channels. In accordance with the basic idea of ??"overall planning, diversified investment, market operation, and policy support", we will improve the railway development plan, fully open the railway construction market, and implement classified investment and construction of new railways. Release the ownership and operation rights of intercity railways, urban (suburban) railways, resource development railways and branch railways to local governments and social capital, and encourage social capital to invest in railway construction. Study the establishment of a railway development fund, guided by central fiscal funds, to attract investment from social legal persons. The Railway Development Fund mainly invests in projects stipulated by the state. Social legal persons do not directly participate in railway construction and operation, but they are guaranteed to obtain stable and reasonable returns. In the three years after the "Twelfth Five-Year Plan", we will continue to issue government-supported railway construction bonds and innovate the types and methods of railway bond issuance. (The National Development and Reform Commission, the Ministry of Finance, the Ministry of Transport, the People's Bank of China, the China Banking Regulatory Commission, the State Administration for Industry and Commerce, the Railway Bureau, and the China Railway Corporation are responsible)

2. Continuously improve the railway freight mechanism and steadily rationalize railway prices relation.

Adhere to the market-oriented orientation of railway freight rate reform, formulate national railway freight prices in accordance with the principle of maintaining a reasonable price comparison between railways and highways, rationalize price levels step by step, and establish a dynamic adjustment mechanism for railway freight prices to follow changes in road freight prices. Create conditions to change railway freight prices from government-fixed prices to government-guided prices to increase freight price flexibility. (The National Development and Reform Commission is responsible)

3. Establish institutional arrangements for railway public welfare and policy transportation subsidies to create conditions for social capital to enter the railway. It is necessary to establish and improve the accounting system and form a reasonable subsidy mechanism for the public welfare transportation tasks of students, disabled soldiers, agricultural materials and emergency rescue undertaken by the railway, as well as the operating losses of related public welfare railways such as the Qinghai-Tibet Line and the Southern Xinjiang Line. Before rationalizing railway freight rates and establishing a public welfare transportation accounting system, in order to solve the problems of insufficient capital and heavy interest burdens for China Railway Corporation's construction projects, taking into account the public welfare factors of railway transportation, the central finance will start from 2013 and tomorrow Implement transitional subsidies for China Railway Corporation for two years. (The Ministry of Finance, Railway Bureau, and China Railway Corporation are responsible)

Fourth, increase efforts to revitalize railway land resources and encourage comprehensive development and utilization of land. Support the comprehensive development of railway stations and line land. China Railway Corporation, as a state-authorized investment institution, its original railway production and operation allocated land can be allocated in an authorized operation manner, and China Railway Corporation will revitalize and utilize it in accordance with the law. With reference to the "Guiding Opinions of the State Council on Prioritizing the Development of Public Transport in Cities" (Guofa [2012] No. 64), the land use around railway stations and lines should be coordinated and arranged in accordance with the overall land use plan and urban planning, and the intensity of development and construction should be appropriately increased. Innovate land-saving technologies and encourage comprehensive development of above-ground and underground spaces on existing railway construction lands. Construction land use rights that comply with the allocated land catalog can continue to be allocated; if the development and utilization of authorized land needs to change the land use or transfer it to units or individuals other than China Railway Corporation, the transfer procedures must be completed in accordance with the law. Local governments should support railway enterprises in integrated planning of station and line land, implement comprehensive development in accordance with the principles of marketization and intensification, and support railway development with development income. (The Ministry of Land and Resources, the Ministry of Housing and Urban-Rural Development, and the Ministry of Finance are responsible)

5. Strengthen enterprise operation and management and strive to increase the level of asset returns. China Railway Corporation must adhere to enterprise-oriented and market-oriented operations, promote the construction of modern enterprise systems, improve operations, increase revenue and reduce expenditures, rely on favorable conditions such as the successive opening of trunk railways and substantial growth in transport capacity, do everything possible to expand market share, and rely on the main transportation business to develop logistics and other value-added services, striving to achieve an average annual growth of more than 10% in passenger transport and steady growth in freight transport. Establish and improve the cost accounting system and performance appraisal system to effectively control construction and operating costs and improve operating efficiency. On the basis of clearing up assets, we must comprehensively carry out asset evaluation work, find out the bottom line, revitalize existing stocks, optimize increments, and enhance the self-development capabilities of enterprises. It is necessary to hurry up to put construction projects into operation, complete the supporting facilities of station facilities and operation equipment, give full play to the overall efficiency of the railway network, and increase incremental asset returns. (China Railway Corporation, the Ministry of Finance, and the Railway Bureau are responsible)

6. Speed ??up the preliminary work of the project and form a joint force for railway construction. China Railway Corporation, local governments and other project owners should strengthen organizational leadership, close coordination and cooperation, increase work efforts, and effectively carry out preliminary work such as construction plans, fund raising, and social stability risk analysis. China Railway Corporation must work with relevant departments to strengthen construction supervision and operation management to ensure project quality and operation safety. Development and reform, land resources, environmental protection and other departments must strengthen communication and coordination, establish linkage mechanisms, speed up project review, speed up railway construction in the central and western regions and poor areas, and ensure that key railway projects determined in the "Twelfth Five-Year Plan" start in a timely manner and in a reasonable manner. The construction period is advanced. Banks and other financial institutions must continue to actively support the construction of key railway projects based on their own affordability. China Railway Corporation continues to enjoy the state's preferential tax policies for the former Ministry of Railways, and the original preferential policies for railways implemented by the State Council, relevant departments, and local governments continue to be implemented.

(Responsible for China Railway Corporation, National Development and Reform Commission, Ministry of Finance, Ministry of Land and Resources, Ministry of Environmental Protection, Ministry of Transport, People's Bank of China, State Administration of Taxation, and China Banking Regulatory Commission)

State Council

2013 Reply of the State Council on issues related to the establishment of China Railway Corporation on August 9, 2013

Guohan [2013] No. 47

Ministry of Transport, Ministry of Finance, and National Railway Administration:

The former Ministry of Railways has received a request for approval of the establishment plan and company articles of association of China Railway Corporation. The following is the official reply on issues related to the establishment of China Railway Corporation:

1. Agree in principle with the "China Railway Corporation Formation Plan" and the "China Railway Corporation Articles of Association".

2. China Railway Corporation is approved by the State Council and established in accordance with the Law of the People's Republic of China on Industrial Enterprises Owned by the Whole People. It is a wholly state-owned enterprise managed by the central government. The Ministry of Finance performs capital contributions on behalf of the State Council. The Ministry of Transport and the National Railway Administration conduct industry supervision on the company in accordance with the law.

3. China Railway Corporation focuses on railway passenger and freight transportation services and implements diversified operations. Responsible for unified dispatching and command of railway transportation, responsible for the operation and management of national railway passenger and freight transportation, undertaking public welfare transportation prescribed by the state, ensuring key transportation related to the national economy and people's livelihood, special transportation, special transportation, emergency and disaster relief transportation and other tasks. Responsible for formulating railway investment and construction plans and proposing proposals for national railway network construction and financing plans. Responsible for the preliminary work of construction projects and management of construction projects. Responsible for national railway transportation safety and bear the main responsibility for railway safety production.

4. China Railway Corporation has a registered capital of 1.036 billion yuan and does not conduct asset evaluation and audit capital verification; the actual amount of state-owned capital shall be subject to the amount of state-owned asset property rights registration approved by the Ministry of Finance.

5. The leadership team of China Railway Corporation is managed by the central government; the company implements a general manager responsibility system, and the general manager is the legal representative of the company.

6. China Railway Corporation is a state-authorized investment institution and a state-controlled company. Its financial relations are listed separately in the Ministry of Finance. In accordance with relevant national laws and administrative regulations, China Railway Corporation carries out various investment and business operations and is responsible for maintaining the value of state-owned assets. Value-added responsibility, establish and improve the company's financial accounting system.

7. Agree to transfer the relevant assets, liabilities and personnel of the former Ministry of Railways to the China Railway Corporation, and transfer the former Ministry of Railways’ control over the 18 affiliated railway bureaus (including Guangzhou Railway Group Company, Qinghai-Tibet Railway Company), 3 The interests of professional transportation companies and other enterprises are regarded as the state-owned capital of China Railway Corporation. The income from state-owned assets of China Railway Corporation shall be implemented in accordance with relevant national laws, regulations and regulations. The state will not levy income from state-owned assets from the company until the historical debt problem is resolved. On the premise of ensuring the legitimate rights and interests of relevant enterprises and their own development needs, the company can concentrate part of the income from state-owned assets and use it for reinvestment and structural adjustment.

8. Establish a railway public welfare transportation subsidy mechanism. Regarding the public welfare transportation tasks undertaken by the railway for students, disabled soldiers, agricultural materials, etc., as well as the operating losses of related public welfare railways such as the Qinghai-Tibet Line and the Southern Xinjiang Line, study the establishment of a railway public welfare transportation subsidy mechanism and study the adoption of financial subsidies and other methods , provide appropriate compensation for railway public welfare transportation losses.

9. After the establishment of China Railway Corporation, it will continue to enjoy the state’s preferential tax policies for the former Ministry of Railways. The original preferential policies for railways implemented by the State Council, relevant departments, and local governments will continue to be implemented, and railway construction will continue to be clarified. Bonds are government-backed bonds. All tax and fee policies involved in the process of enterprise establishment, reorganization and restructuring shall be implemented in accordance with national regulations and will not increase the cost of railway reform.

10. China Railway Corporation shall inherit the rights and obligations of economic contracts, civil contracts, agreements, etc. originally signed in the name of the Ministry of Railways; it shall inherit the intangible assets and knowledge owned by the former Ministry of Railways and the national railway system. Property rights, brands, trademarks and other rights and interests are managed and used uniformly. To properly resolve the debts of the former Ministry of Railways and its affiliated enterprises, the country's original relevant support policies will remain unchanged. Under the overall coordination of the central government, various measures will be taken to properly handle it. The Ministry of Finance will work with relevant national departments to study and propose specific handling methods.

11. After the establishment of China Railway Corporation, it is necessary to strengthen the centralized and unified command of railway transportation dispatching, maintain good transportation order, ensure key transportation and public welfare transportation, and ensure the safety of railway transportation and the stability of the workforce. It is necessary to advance railway construction in an orderly manner and complete the construction tasks of the "Twelfth Five-Year Plan" on schedule.

In accordance with national industrial policies, we must improve the road network structure, optimize transportation organization, strengthen safety management, improve service quality, improve transportation efficiency and effectiveness, and continuously enhance market competitiveness. It is necessary to continue to deepen the reform of railway enterprises, promote institutional and mechanism innovation in accordance with the requirements of establishing a modern enterprise system, gradually establish a sound corporate governance structure, and continuously improve management levels and market competitiveness. The "China Railway Corporation Formation Plan" and the "China Railway Corporation Articles of Association" will be issued by the Ministry of Finance after improvement based on the spirit of this approval.

The establishment of China Railway Corporation is an important measure to deepen the reform of the railway management system, realize the separation of government and enterprises, and promote the healthy and sustainable development of railway construction and operation. All regions and relevant departments must actively support and do a good job in establishing the China Railway Corporation. Various tasks of China Railway Corporation ensure the smooth and stable implementation of railway system reform.

State Council March 14, 2013

On March 17, 2013, China Railway Corporation was formally established, with Sheng Guangzu as the legal representative and the first general manager and party group secretary. According to the institutional reform and functional transformation plan of the State Council reviewed and approved by the first session of the 12th National People's Congress, the Ministry of Railways will no longer be retained and the China Railway Corporation will be established.

China Railway Corporation has inherited the liabilities of the former Ministry of Railways since its establishment. China Railway Corporation assumes and performs the rights and obligations under the China Railway Construction Bonds issued by the former Ministry of Railways, non-financial corporate debt financing instruments (short-term financing bonds, medium-term notes, etc.) and other relevant contracts and agreements, as well as corresponding claims and debts Relationships and Legal Responsibilities.

China Railway Corporation Sheng Guangzu

On March 15, 2013, China Railway Corporation was established, announcing the separation of government and enterprise in railway transportation. China Railway Corporation is a wholly state-owned enterprise managed by the central government. The Ministry of Finance performs investor duties on behalf of the State Council. The general manager is Sheng Guangzu, the former Minister of Railways. China Railway Corporation still performs the passenger and freight transportation service operation and management functions of the former Ministry of Railways. In the national railway planning, the Corporation is responsible for formulating railway investment and construction plans, responsible for the preliminary work of construction projects, and managing construction projects.

On March 17, 2013, the brand name "Ministry of Railways of the People's Republic of China and the People's Republic of China" on the original railway department entrance was removed and replaced with a new brand name of "China Railway Corporation". Sheng Guangzu, the last Minister of Railways and the new General Manager of China Railway Corporation, and members of the leadership team were present and took photos with the new door sign.

According to Mr. Gao from Liaoning who witnessed the whole process of plate replacement, at around 7:30 this morning, at the entrance of the former railway department, the police suddenly cleared away the people taking photos in front of the door. The staff removed the original sign of "People's Republic of China and the Ministry of Railways" and replaced it with a new sign of "China Railway Corporation".

Afterwards, Sheng Guangzu and other members of the new leadership team of China Railway Corporation came to the scene and took photos with the new sign. Less than 1 minute before and after the photo was taken, Sheng Guangzu and others quickly returned to the hospital.

The reporter saw at the scene in the morning that dozens of people were queuing up to take photos with the new door sign of "China Railway Corporation" at the entrance of the former railway department. Wang Youmin, a retired scientific researcher at the General Research Institute of Nonferrous Metals, said, “I originally came to take a photo with the railway department sign, but I didn’t expect it to have been withdrawn.

The newly established China Railway Corporation was officially listed on March 17, 2013.

The staff maintaining order at the scene also confirmed that the house signs were removed at about 7:30 this morning, but he did not know whether other house signs such as the National Railway Administration would be hung up.