What is the relationship between China Railway Bureau and real estate companies?

At present, the engineering bureaus under China Railway are also doing real estate, some of which are done alone, that is, the investment of each bureau; Some are related to China Railway Real Estate, and the two parties cooperate to set up a project company, each holding a certain share. China Railway Real Estate also invests in real estate projects by itself, which are distributed all over the country. For details, please check the website/zzjg.aspx. The project companies on this website are basically invested by China Railway Real Estate. China Railway Real Estate is the flagship platform for China Railway to enter and develop the real estate industry. Most of the real estate projects of China Railway System, no matter which of the above three situations, are unified in accordance with the brand logo of China Railway Real Estate. Ordinary buyers outside can't tell which one invested, and they all think it's China Railway Property, but it's not.

All engineering bureaus under China Railway have engineering companies specializing in housing construction (third-level subsidiaries, director level), all of which undertake the construction of real estate projects.

As a second-level subsidiary of China Railway, China Railway Construction Engineering Co., Ltd. is an important contractor of housing construction and railway station construction, with strong professionalism, and also participates in the construction of Antarctic scientific research station. This company also invests in the construction of large commercial and residential real estate, such as China Railway Nord Building on Xinghai Square in Dalian, which is a super five-star office building and also invested by China Railway Construction Engineering. It has nothing to do with China Railway Real Estate. China Railway Real Estate and its secondary subsidiary (Engineering Bureau) are bureau-level units.

China Railway Second Bureau, as an early listed subsidiary of China Railway, has long regarded real estate as its main business, and they have developed very well in this respect. Sometimes they don't play the brand of China Railway Real Estate, because in regional markets such as Chengdu, China Railway Second Bureau Real Estate is well-known.

China Railway Real Estate has also established project companies with Vanke and other large real estate enterprises, such as China Railway Vanke Hu Xiang Shengjing Project.

China Railway Construction, which corresponds to China Railway, is similar in real estate business. He also has a China Railway Real Estate Group to do real estate projects like China Railway Real Estate. Many cities have properties in China Railway Construction International City, but he can only play in a park of China Railway Construction.

In short, China Railway has a total staff of 300,000, and there are countless units below, all of which are invested and built.

China Railway Real Estate originally wanted to integrate the real estate business of various engineering bureaus, but the resistance was great. Because real estate is very profitable, all the bureaus will not let go. Therefore, China Railway Real Estate can only do it by itself now, and of course it is developing rapidly. Their strategic goal is to make its real estate company, China Railway Real Estate, "enter the top 10 in the next five years and the top 5 in the next 10 year." ...