China Railway Group Limited (CREC) has recently earned two significant honors in capital market evaluations, demonstrating systemic excellence in corporate governance, information disclosure, investor relations, market value management, and ESG practices. The company was recognized for the third consecutive year as having the "Best Board of Directors Among Listed Companies" by the China Association for Public Companies (CAPCO) and maintained its 17-year streak of receiving the Shanghai Stock Exchange's (SSE) "A" rating—including 12 consecutive years of top-tier information disclosure—solidifying its status as a governance benchmark among central state-owned enterprises (SOEs).
High-quality board operations form the cornerstone of corporate stability. As a pilot enterprise for the State-owned Assets Supervision and Administration Commission (SASAC) and a dual-listed company in Shanghai and Hong Kong, CREC rigorously aligns with state and securities regulatory requirements. It has pioneered distinctive governance mechanisms such as the "Three-Dimensional" proposal management system, the "3-4-3" subsidiary governance framework, and the "Four Safeguards" for independent director support. These innovations have earned CREC recognition as a "Model Enterprise for SOE Governance" by SASAC, with its practices widely promoted across state-owned sectors. The three-year CAPCO accolade underscores CREC’s refined governance structure, scientific decision-making efficiency, and unwavering compliance standards, offering replicable insights for SOE governance.
The SSE’s information disclosure ratings, a key benchmark for capital market governance, evaluate over 2,000 listed companies, with only about 19% achieving an "A" grade. Fewer than 2.5% sustain this rating for over a decade, highlighting the prestige of CREC’s achievement. The company adheres strictly to principles of "truthfulness, accuracy, completeness, timeliness, and fairness" in disclosures. By enhancing quantitative data comparisons, visual "chart + analysis" presentations, and detailing 30+ ESG disclosure priorities, CREC has built a transparent communication ecosystem. Its multi-channel investor engagement strategy—including earnings calls led by the chairman, roadshows, reverse roadshows, SSE E-Interaction, and dedicated investor hotlines—creates a "multi-dimensional investor relations" model. Additionally, CREC’s long-term market value management approach, featuring stable cash dividends for 17 years and a newly introduced interim dividend in 2025, has reinforced regulatory and market confidence.
Seventeen years of "A" ratings and 12 years of disclosure excellence reflect CREC’s ability to translate governance strengths into developmental momentum. As a leader in infrastructure, the company continues to advance in mega-projects, green transformation, and technological innovation while prioritizing investor interests. These dual honors not only validate past achievements but also mark a new chapter. As China’s 15th Five-Year Plan approaches, CREC pledges to uphold its ethos of "Daring to Surpass, Striving for Excellence" and core values of "Innovation, Quality, Brand." It aims to further elevate governance, disclosure, and investor relations, delivering sustainable performance and value to stakeholders while reinforcing its role in high-quality capital market development.
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