{{Update|date=December 2025}} {{Short description|Chinese state-owned construction company}} {{Infobox company | name = China Communications Construction | native_name = {{native name|zh-hant|中国交通建设}} | logo = File:CCCC_Corporate_Logo_(English).png | image = China Construction Communications Engrg.Group Corp.,Ltd. (20221013114947).jpg | type = [[Public company|Public]]; [[state-owned enterprise]] | traded_as = {{ubl|{{sse|601800}}|{{sehk|1800}}}} | genre = | foundation = {{start date and age|2005}} | founder = | location_city = [[Beijing]] | location_country = China | location = 85 De Sheng Men Wai Street, Xicheng District | key_people = {{ubl |Liu Qitao (chairman) |Song HaiLiang (president) |Peng Bihong (CFO) }} | area_served = Worldwide | revenue = [[US$]] 136.7 billion (2023)<ref name=Financials>{{cite web |title=China Communications Construction |url=https://fortune.com/company/china-communications-construction/ |website=Fortune Global 500 |publisher=Fortune |access-date=2024-08-24 |archive-date=2024-06-15 |archive-url=https://web.archive.org/web/20240615160616/https://fortune.com/company/china-communications-construction/ |url-status=live }}</ref> | operating_income = | net_income = [[US$]] 1.6 billion (2023)<ref name=Financials /> | assets = [[US$]] 361.4 billion (2023)<ref name=Financials /> | num_employees = 219,034 (2023)<ref name=Financials /> | industry = Engineering and Construction | owner = Government of China (63.8%) | divisions = | subsid = [[China Road and Bridge Corporation]]<br>[[China Harbour Engineering Company]]<br>[[John Holland Group]] | homepage = {{Official URL}} | module = {{infobox Chinese | child = yes | title = China Communications Construction Co., Ltd. | s = 中国交通建设股份有限公司 | t = 中國交通建設股份有限公司 | showflag = stp | p = Zhōngguó Jiāotōng Jiànshè Gǔfèn Yǒuxiàn Gōngsī | j = | altname = China Communications Construction | s2 = 中国交通建设 | t2 = 中國交通建設 | p2 = Zhōngguó Jiāotōng Jiànshè | altname3 = CCCC | s3 = 中交建 | t3 = 中交建 | p3 = Zhōngjiāojiàn | collapse = no | order = st}} }}

'''China Communications Construction Company, Ltd.''' ('''CCCC''') is a Chinese majority [[State-owned enterprise|state-owned]], publicly traded, [[Multinational corporation|multinational]] engineering and construction company primarily engaged in the design, construction, and operation of infrastructure assets, including highways, skyways, bridges, tunnels, railways (especially [[high-speed rail]]), subways, airports, oil platforms, and marine ports. CCCC has been a contractor for numerous [[Belt and Road Initiative]] projects.<ref name=":2">{{Cite news|last=Prasso|first=Sheridan|date=September 19, 2018|title=A Chinese Company Reshaping the World Leaves a Troubled Trail: CCCC, Belt and Road's biggest builder, is besieged by allegations of fraud, corruption, and environmental damage.|work=Bloomberg Businessweek|url=https://www.bloomberg.com/news/features/2018-09-19/a-chinese-company-reshaping-the-world-leaves-a-troubled-trail|url-status=live|access-date=July 15, 2020|archive-url=https://web.archive.org/web/20200601151108/https://www.bloomberg.com/news/features/2018-09-19/a-chinese-company-reshaping-the-world-leaves-a-troubled-trail|archive-date=June 1, 2020}}</ref><ref name=":0">{{Cite news|last=Roy Chaudhury|first=Dipanjan|date=August 23, 2019|title=World Bank bans Chinese companies again for financial crimes|work=[[The Economic Times]]|url=https://economictimes.indiatimes.com/news/international/business/world-bank-bans-chinese-companies-again-for-financial-crimes/articleshow/70797062.cms|url-status=live|access-date=July 15, 2020|archive-url=https://web.archive.org/web/20190823075526/https://economictimes.indiatimes.com/news/international/business/world-bank-bans-chinese-companies-again-for-financial-crimes/articleshow/70797062.cms|archive-date=August 23, 2019}}</ref> It is included in the [[Fortune Global 500|''Fortune'' Global 500]] list for 2016.<ref>{{Cite web|url=http://fortune.com/global500/2016/list/|title=Global 500|website=Fortune|language=en-US|access-date=2018-04-12|archive-date=2018-04-13|archive-url=https://web.archive.org/web/20180413124738/http://fortune.com/global500/2016/list/|url-status=dead}}</ref>

== History == CCCC's predecessors can be traced back to the [[Qing dynasty|Qing Dynasty]], when the Junpu Engineering Bureau was established in 1905.<ref>{{Cite book |last=Alon |first=Ilan |title=A Guide to the Top 100 Companies in China |publisher=World Scientific |year=2010 |isbn=978-981-4291-46-0}}</ref> The company was officially formed in 2005 by the merger of [[China Road and Bridge Corporation]] (CRBC) and [[China Harbour Engineering|China Harbour Engineering Company]] (CHEC), which focus on transportation infrastructure and marine infrastructure, respectively. In 2006, the company listed shares on the [[Hong Kong Stock Exchange]], followed by a listing on the [[Shanghai Stock Exchange]] in 2012.<ref>{{Cite web |title=Investor Relations: Company Background |url=http://en.ccccltd.cn/tzzgx/jbxx/bjxx/202202/t20220211_145856.html |access-date=9 July 2023 |website=en.ccccltd.cn |archive-date=9 July 2023 |archive-url=https://web.archive.org/web/20230709130313/http://en.ccccltd.cn/tzzgx/jbxx/bjxx/202202/t20220211_145856.html |url-status=live }}</ref>

=== Misconduct === Since the mid-2000s, CCCC has been implicated in misconduct including fraud and corruption in Bangladesh, Equatorial Guinea, Malaysia, and the Philippines. Penalties included debarment by the World Bank and the Bangladesh government.<ref name=":0" /><ref name=":4">{{Cite web |date=July 29, 2011 |title=World Bank Applies 2009 Debarment to China Communications Construction Company Limited for Fraud in Philippines Roads Project |url=https://www.worldbank.org/en/news/press-release/2011/07/29/world-bank-applies-2009-debarment-to-china-communications-construction-company-limited-for-fraud-in-philippines-roads-project |url-status=live |archive-url=https://web.archive.org/web/20200619100828/https://www.worldbank.org/en/news/press-release/2011/07/29/world-bank-applies-2009-debarment-to-china-communications-construction-company-limited-for-fraud-in-philippines-roads-project |archive-date=June 19, 2020 |access-date=2020-07-15 |website=World Bank |language=en}}</ref>

==== Bangladesh ==== In early 2018, CCCC subsidiary, [[China Harbour Engineering Company]], was debarred for attempted bribery of a senior government official in relation to a contract for the expansion of the Dhaka-Sylhet Highway. Finance Minister AMA Muhith said: "[The expansion of] Dhaka-Sylhet Highway, somehow, we had to drop it. Because, the party who got the contract, they came up, in the very beginning, with offer of bribe, open bribe.

So, we gave the money, which they gave to some of our officials, back to the Chinese embassy and naturally blacklisted the company."<ref>{{Cite web |title=Bangladesh blacklists China Harbor Engineering Co. for bribery: Report {{!}} Daily FT |url=http://www.ft.lk/front-page/Bangladesh-blacklists-China-Harbor-Engineering-Co--for-bribery--Report/44-647678 |access-date=2020-12-02 |website=www.ft.lk |language=English |archive-date=2021-05-02 |archive-url=https://web.archive.org/web/20210502162706/http://www.ft.lk/front-page/Bangladesh-blacklists-China-Harbor-Engineering-Co--for-bribery--Report/44-647678 |url-status=live }}</ref><ref>{{Cite web |date=2018-01-17 |title=No job for China Harbour in future |url=https://www.thedailystar.net/frontpage/no-job-china-harbour-future-1520917 |access-date=2020-12-02 |website=The Daily Star |language=en}}</ref><ref>{{Cite web |title=Sheikh Hasina: China, Bangladesh road project hits bribe bump; may slow down Beijing's connectivity plans |url=https://economictimes.indiatimes.com/news/international/world-news/china-bangladesh-road-project-hits-bribe-bump-may-slow-down-beijings-connectivity-plans/articleshow/62560742.cms |access-date=2020-12-02 |website=[[The Economic Times]] |date=18 January 2018 |archive-date=2022-01-13 |archive-url=https://web.archive.org/web/20220113033844/https://economictimes.indiatimes.com/news/international/world-news/china-bangladesh-road-project-hits-bribe-bump-may-slow-down-beijings-connectivity-plans/articleshow/62560742.cms |url-status=live |last1=Chaudhury |first1=Dipanjan Roy }}</ref><ref>{{Cite web |last=Hartman |first=Leigh |date=2020-09-10 |title=China's construction companies sow chaos worldwide |url=https://share.america.gov/chinas-construction-companies-sow-chaos-worldwide/ |access-date=2020-10-13 |website=ShareAmerica |language=en-US}}</ref>

==== Equatorial Guinea ==== An investigation by the U.S. Department of Justice alleged that, in 2009, CCCC paid US$19 million to [[Teodoro Nguema Obiang Mangue|Teodorin Obiang]], Vice President of Equatorial Guinea, in relation to a contract for a highway.<ref>{{Cite news |date=2018-09-19 |title=A Chinese Company Reshaping the World Leaves a Troubled Trail |url=https://www.bloomberg.com/news/features/2018-09-19/a-chinese-company-reshaping-the-world-leaves-a-troubled-trail |access-date=2020-10-13 |work=Bloomberg.com |language=en |archive-date=2020-06-01 |archive-url=https://web.archive.org/web/20200601151108/https://www.bloomberg.com/news/features/2018-09-19/a-chinese-company-reshaping-the-world-leaves-a-troubled-trail |url-status=live }}</ref> Teodorin Obiang settled the case, agreeing to forfeit over US$30 million worth of U.S. assets.<ref>{{Cite web |date=2014-10-10 |title=Office of Public Affairs {{!}} Second Vice President of Equatorial Guinea Agrees to Relinquish More Than $30 Million of Assets Purchased with Corruption Proceeds {{!}} United States Department of Justice |url=https://www.justice.gov/opa/pr/second-vice-president-equatorial-guinea-agrees-relinquish-more-30-million-assets-purchased |access-date=2023-07-10 |website=www.justice.gov |language=en |archive-date=2023-04-26 |archive-url=https://web.archive.org/web/20230426163538/https://www.justice.gov/opa/pr/second-vice-president-equatorial-guinea-agrees-relinquish-more-30-million-assets-purchased |url-status=live }}</ref>

The DOJ case was settled, but CCCC has continued to face scrutiny in other African nations for governance issues.<ref>{{Cite web |title=Second Vice President of Equatorial Guinea Agrees to Relinquish More Than $30 Million in Assets Purchased with Corrupt Proceeds |url=https://www.justice.gov/archives/opa/pr/second-vice-president-equatorial-guinea-agrees-relinquish-more-30-million-assets-purchased |access-date=2025-12-31 |website=www.justice.gov}}</ref>

==== Malaysia ==== CCCC has been implicated in schemes devised by ex-Prime Minister [[Najib Razak]] and advisor [[Low Taek Jho]] to bail out debts related to [[1Malaysia Development Berhad|1MDB]]. The Malaysian government agreed with CCCC to construct an East Coast Railway line for RM60 billion. Government documents revealed that the contract required CCCC to buy shares of companies related to Low, specifically, 70 percent of Putrajaya Perdana Bhd for US$244 million (RM957 million) and 90 percent of Loh & Loh for US$71 million (RM283 million).<ref>{{Cite web |title=Cover Story: Jho Low's handiwork from Putrajaya Perdana to SRC to 'red files' |url=https://theedgemalaysia.com/article/cover-story-jho-lows-handiwork-putrajaya-perdana-src-red-files |access-date=2023-07-09 |website=The Edge Malaysia |archive-date=2023-07-09 |archive-url=https://web.archive.org/web/20230709080732/https://theedgemalaysia.com/article/cover-story-jho-lows-handiwork-putrajaya-perdana-src-red-files |url-status=live }}</ref><ref>{{Cite web |date=2018-06-12 |title=China's largest builder finds itself in a scandal with Malaysian rail |url=https://www.scmp.com/business/companies/article/2150411/chinas-belt-and-road-builder-finds-itself-embroiled-scandal |access-date=2023-07-09 |website=South China Morning Post |language=en |archive-date=2023-07-09 |archive-url=https://web.archive.org/web/20230709080732/https://www.scmp.com/business/companies/article/2150411/chinas-belt-and-road-builder-finds-itself-embroiled-scandal |url-status=live }}</ref> However, these allegations were denied by Malaysia Rail Link Sdn Bhd, the owner of the railway project.<ref>{{Cite news |last=Riduan |first=Hidir |date=10 June 2018 |title=MRL refutes claim that ECRL project involves buyout of stakes in two property firms |url=https://www.nst.com.my/news/nation/2018/06/378559/mrl-refutes-claim-ecrl-project-involves-buyout-stakes-two-property-firms |work=New Straits Times |access-date=9 July 2023 |archive-date=4 February 2021 |archive-url=https://web.archive.org/web/20210204041242/https://www.nst.com.my/news/nation/2018/06/378559/mrl-refutes-claim-ecrl-project-involves-buyout-stakes-two-property-firms |url-status=live }}</ref>

Yet, in September 2019, during Najib's trial for corruption in relation to 1MDB, his previous assistant, Amhari Effendi Nazaruddin, testified that he traveled to Beijing China in June 2016 to discuss proposals for infrastructure projects that would help to pay off the debts of 1MDB and its former unit, SRC International.<ref name=":3">{{Cite news |date=2019-09-04 |title=Malaysia had plan to use Chinese money to bail out 1MDB, court hears |url=https://www.reuters.com/article/us-malaysia-politics-najib-idUSKCN1VP1DS |access-date=2023-07-09 |work=Reuters |language=en |archive-date=2023-07-09 |archive-url=https://web.archive.org/web/20230709080732/https://www.reuters.com/article/us-malaysia-politics-najib-idUSKCN1VP1DS |url-status=live }}</ref><ref>{{Cite web |title=1MDB probe shines uncomfortable light on China's Belt and Road |url=https://asia.nikkei.com/Opinion/1MDB-probe-shines-uncomfortable-light-on-China-s-Belt-and-Road |access-date=2023-07-09 |website=Nikkei Asia |language=en-GB |archive-date=2023-07-09 |archive-url=https://web.archive.org/web/20230709080732/https://asia.nikkei.com/Opinion/1MDB-probe-shines-uncomfortable-light-on-China-s-Belt-and-Road |url-status=live }}</ref> The briefing points for the Beijing meeting stressed that "while simultaneously completely resolving 1MDB and SRC debts".<ref name=":3" /><ref>{{Cite web |date=2019-09-04 |title=Najib offered projects to China for help to resolve 1MDB debt: former aide |url=https://www.scmp.com/news/asia/southeast-asia/article/3025633/1mdb-scandal-jho-low-promised-najib-razaks-aides-boss-will |access-date=2023-07-09 |website=South China Morning Post |language=en |archive-date=2023-07-09 |archive-url=https://web.archive.org/web/20230709080732/https://www.scmp.com/news/asia/southeast-asia/article/3025633/1mdb-scandal-jho-low-promised-najib-razaks-aides-boss-will |url-status=live }}</ref> Amhari testified to his unease about the Beijing mission, "I was worried about being involved directly in Najib and Low Taek Jho's plan to cover up the loss of 1MDB funds and the repayment of International Petroleum Investment Co (IPIC) debts or the preparation of political funds".<ref>{{Cite web |title=ECRL, pipeline projects offered to China to bail out 1MDB |url=https://theedgemalaysia.com/article/ecrl-pipeline-projects-offered-china-bail-out-1mdb |access-date=2023-07-09 |website=The Edge Malaysia |archive-date=2023-07-09 |archive-url=https://web.archive.org/web/20230709080733/https://theedgemalaysia.com/article/ecrl-pipeline-projects-offered-china-bail-out-1mdb |url-status=live }}</ref>

In March 2023, a court in Kuwait convicted Jho Low and others of money laundering. Trial documents revealed the flow of funds from CCCC through two Hong Kong subsidiaries, Multi Strategic Investment Limited and True Dragon Properties Limited, to Kuwait entities. The funds were proceeds of loans by the Export-Import Bank of China to finance the East Coast Railway.<ref>{{Cite web |title=1MDB scandal: Mega projects signed with China, with funds laundered in Kuwait, says court |url=https://theedgemalaysia.com/node/666942 |access-date=2023-07-11 |website=The Edge Malaysia |date=15 May 2023 |archive-date=2023-07-11 |archive-url=https://web.archive.org/web/20230711190809/https://theedgemalaysia.com/node/666942 |url-status=live }}</ref><ref>{{Cite web |last= |first= |title=How Najib Framed His 1MDB Cover Up Scheme At The Highest Levels In China |url=https://www.sarawakreport.org/2023/04/how-najib-framed-1mdb-cover-up-plan-at-the-highest-levels-in-china/ |access-date=2023-07-27 |website=Sarawak Report |archive-date=2024-08-19 |archive-url=https://web.archive.org/web/20240819170128/https://www.sarawakreport.org/2023/04/how-najib-framed-1mdb-cover-up-plan-at-the-highest-levels-in-china/ |url-status=live }}</ref>

==== Philippines ==== In 2009, the World Bank Group debarred CCCC and CRBC until 2017 for fraudulent practices under Phase 1 of the Philippines National Roads Improvement and Management Project.<ref name=":0" /><ref name=":4" /><ref>{{Cite web |title=World Bank Applies 2009 Debarment to China Communications Construction Company Limited for Fraud in Philippines Roads Project |url=https://www.worldbank.org/en/news/press-release/2011/07/29/world-bank-applies-2009-debarment-to-china-communications-construction-company-limited-for-fraud-in-philippines-roads-project |access-date=2023-07-09 |website=World Bank |language=en |archive-date=2020-06-19 |archive-url=https://web.archive.org/web/20200619100828/https://www.worldbank.org/en/news/press-release/2011/07/29/world-bank-applies-2009-debarment-to-china-communications-construction-company-limited-for-fraud-in-philippines-roads-project |url-status=live }}</ref> Together with five other companies, CCCC and CRBC had colluded to enter non-competitive, artificially high bid prices.<ref>{{Cite news |last1=Sexton |first1=John |last2=Jing |first2=Zhou |date=15 January 2009 |title=Chinese Construction Giants barred by World Bank |url=http://www.china.org.cn/business/news/2009-01/15/content_17110950.htm |url-status=live |archive-url=https://web.archive.org/web/20240819170152/http://www.china.org.cn/business/news/2009-01/15/content_17110950.htm |archive-date=19 August 2024 |access-date=9 July 2023 |work=[[China Internet Information Center]]}}</ref>

==== Russia ==== The company has participated in significant ventures aimed at revitalizing Russia's shipbuilding and port infrastructure, including projects that enhance Russia's [[Northern Sea Route]].<ref>{{Cite news |last1=Standish |first1=Reid |last2=Pertaia |first2=Luka |date=2024-05-31 |title=The Controversial Chinese Firms That Will Build Georgia's Black Sea Megaproject |url=https://www.rferl.org/a/anaklia-china-georgia-companies-port/32974215.html |url-status=live |archive-url=https://web.archive.org/web/20241209140048/https://www.rferl.org/a/anaklia-china-georgia-companies-port/32974215.html |archive-date=2024-12-09 |access-date=2024-12-27 |work=[[Radio Free Europe/Radio Liberty]] |language=en}}</ref><ref>{{Cite web |last=wuzh |date=2023-10-27 |title=Russia seeks China's help to revitalize it's shipbuilding industry |url=https://www.imarinenews.com/2444.html |access-date=2024-12-27 |website=iMarine |language=en-US}}</ref><ref>{{Cite news |last=Standish |first=Reid |date=2024-06-05 |title=China In Eurasia Briefing: China Enters The Black Sea Through Georgia |url=https://www.rferl.org/a/china-georgia-ukraine-serbia-russia-standish/32979823.html |access-date=2024-12-27 |work=[[Radio Free Europe/Radio Liberty]] |language=en}}</ref>

=== U.S. sanctions === {{Further|United States sanctions against China|Military-civil fusion}} In August 2020, the [[United States Department of Commerce]] placed several CCCC subsidiaries on the [[Bureau of Industry and Security]]'s [[Entity List]] for their construction work to militarize artificial islands in the [[Territorial disputes in the South China Sea|South China Sea]].<ref>{{Cite news |last=Long |first=Drake |date=August 26, 2020 |title=US Sanctions Chinese Companies Over South China Sea Island-Building |url=https://www.rfa.org/english/news/china/sanctions-08262020115604.html |url-status=live |archive-url=https://web.archive.org/web/20200828010845/https://www.rfa.org/english/news/china/sanctions-08262020115604.html |archive-date=August 28, 2020 |access-date=August 26, 2020 |work=[[Radio Free Asia]]}}</ref><ref>{{Cite news |last=O’Keeffe |first=Kate |date=2020-08-26 |title=U.S. Sanctions Chinese Firms and Executives Active in Contested South China Sea |url=https://www.wsj.com/articles/u-s-imposes-visa-export-restrictions-on-chinese-firms-and-executives-active-in-contested-south-china-sea-11598446551 |url-status=live |archive-url=https://web.archive.org/web/20200826134752/https://www.wsj.com/articles/u-s-imposes-visa-export-restrictions-on-chinese-firms-and-executives-active-in-contested-south-china-sea-11598446551 |archive-date=2020-08-26 |access-date=2020-08-26 |work=Wall Street Journal |language=en-US |issn=0099-9660}}</ref><ref>{{Cite web |date=2020-08-26 |title=Commerce Department Adds 24 Chinese Companies to the Entity List for Helping Build Military Islands in the South China Sea |url=https://www.commerce.gov/news/press-releases/2020/08/commerce-department-adds-24-chinese-companies-entity-list-helping-build |url-status=live |archive-url=https://web.archive.org/web/20200826213019/https://www.commerce.gov/news/press-releases/2020/08/commerce-department-adds-24-chinese-companies-entity-list-helping-build |archive-date=2020-08-26 |access-date=2020-08-26 |website=U.S. Department of Commerce |language=en}}</ref> The same month, the [[United States Department of Defense]] released the names of additional "Communist Chinese military companies" operating directly or indirectly in the United States. CCCC was included on the list.<ref>{{cite web |date=August 28, 2020 |title=DOD Releases List of Additional Companies, in Accordance with Section 1237 of FY19 NDAA |url=https://www.war.gov/News/Releases/Release/Article/2328894/dod-releases-list-of-additional-companies-in-accordance-with-section-1237-of-fy/ |url-status=live |archive-url=https://web.archive.org/web/20200830192407/https://www.defense.gov/Newsroom/Releases/Release/Article/2328894/dod-releases-list-of-additional-companies-in-accordance-with-section-1237-of-fy/ |archive-date=30 August 2020 |access-date=30 August 2020 |website=U.S. Department of Defense}}</ref><ref>{{cite web |date=August 28, 2020 |title=Qualifying Entities Prepared in Response to Section 1237 of the National Defense Authorization Act for Fiscal Year 1999 (PUBLIC LAW 105–261) |url=https://media.defense.gov/2020/Aug/28/2002486689/-1/-1/1/LINK_1_1237_TRANCHE-23_QUALIFYING_ENTITIES.PDF |url-status=live |archive-url=https://web.archive.org/web/20200828202056/https://media.defense.gov/2020/Aug/28/2002486689/-1/-1/1/LINK_1_1237_TRANCHE-23_QUALIFYING_ENTITIES.PDF |archive-date=28 August 2020 |access-date=30 August 2020 |website=U.S. Department of Defense}}</ref> In November 2020, [[Donald Trump]] issued an [[Executive Order 13959|executive order]] prohibiting any American company or individuals from owning shares in companies, including CCCC, that the U.S. Department of Defense has listed as having links to the [[People's Liberation Army]].<ref>{{Cite news |last=Chen |first=Shawna |date=November 12, 2020 |title=Trump bans Americans from investing in 31 companies with links to Chinese military |url=https://www.axios.com/china-military-trump-investments-ban-a0458e29-2245-4bde-920b-d1c6bc698370.html |access-date=November 12, 2020 |work=[[Axios (website)|Axios]] |archive-date=October 28, 2021 |archive-url=https://web.archive.org/web/20211028203620/https://www.axios.com/china-military-trump-investments-ban-a0458e29-2245-4bde-920b-d1c6bc698370.html |url-status=live }}</ref><ref>{{Cite news |last1=Pamuk |first1=Humeyra |last2=Alper |first2=Alexandra |last3=Ali |first3=Idrees |date=2020-11-12 |title=Trump bans U.S. investments in firms linked to Chinese military |url=https://www.reuters.com/article/us-usa-china-securities-exclusive-idUSKBN27S2X3 |access-date=2020-11-12 |work=[[Reuters]] |language=en |archive-date=2021-10-28 |archive-url=https://web.archive.org/web/20211028175811/https://www.reuters.com/article/us-usa-china-securities-exclusive-idUSKBN27S2X3 |url-status=live }}</ref> In December 2020, the United States Department of Commerce added CCCC itself to the Entity List.<ref>{{Cite web |last= |first= |date=2020-12-18 |title=U.S. Imposes New Sanctions on People's Republic of China Actors Linked to Malign Activities |url=https://www.state.gov/u-s-imposes-new-sanctions-on-peoples-republic-of-china-actors-linked-to-malign-activities/ |access-date=2020-12-18 |website=United States Department of State |language=en-US |archive-date=2020-12-18 |archive-url=https://web.archive.org/web/20201218202335/https://www.state.gov/u-s-imposes-new-sanctions-on-peoples-republic-of-china-actors-linked-to-malign-activities/ |url-status=live }}</ref>

== Corporate affairs ==

=== Ownership === {{Update section|date=December 2024|inaccurate=yes}} CCCC is a "[[Blue chip (stock market)|blue chip]]" stock (part of the [[CSI 300 Index]]). {{As of|2016}}, the [[State-owned Assets Supervision and Administration Commission of the State Council]] (SASAC) holds 63.8% of the company's shares.<ref name=":1">{{Cite book |title=China Communications Construction Co. Ltd. Annual Report 2016 |pages=57}}</ref> Other shareholders include multiple affiliates of (or funds managed by) [[Merrill Lynch]], [[BlackRock]] and [[JPMorgan Chase]].<ref name=":1" />

=== Operations === {{Further|China Road and Bridge Corporation|}}

The company operates through various subsidiaries, including CRBD and CHED, [[John Holland Group]], an Australia-based construction company focused on infrastructure, Friede & Goldman, headquartered in Houston, which engineers offshore vessels for the oil and gas industry, and Concremat Engenharia e Tecnologia S.A., an engineering and infrastructure consultancy based in Brasil.<ref>{{Cite web |title=China Communications Construction Company Ltd, Annual Report 2022 |url=http://en.ccccltd.cn/tzzgx/dxbg/202306/P020230605626774074896.pdf |access-date=10 July 2023 |archive-date=10 July 2023 |archive-url=https://web.archive.org/web/20230710071002/http://en.ccccltd.cn/tzzgx/dxbg/202306/P020230605626774074896.pdf |url-status=live }}</ref>

CCCC is a major contractor in the [[Belt and Road Initiative]].<ref name=":2" /><ref name=":0" /> CCCC is involved in dredging projects in disputed areas in [[Territorial disputes in the South China Sea|the South China Sea]], highway-building in [[Xinjiang]], and building naval logistics installations at [[Gwadar Port]].<ref>{{Cite news |last=Long |first=Drake |date=14 July 2020 |title=Senior US Official Hints at Sanctions on Chinese Firms in South China Sea |work=[[Radio Free Asia]] |url=https://www.rfa.org/english/news/china/usa-sanctions-07142020151045.html |url-status=live |access-date=15 July 2020 |archive-url=https://web.archive.org/web/20200715094728/https://www.rfa.org/english/news/china/usa-sanctions-07142020151045.html |archive-date=15 July 2020}}</ref><ref>{{Cite web |date=May 19, 2020 |title=Construction of highway running through Taklimakan Desert enters final rush in NW China's Xinjiang |url=http://www.xinhuanet.com/english/2020-05/19/c_139067961_6.htm |url-status=dead |archive-url=https://web.archive.org/web/20200823233331/http://www.xinhuanet.com/english/2020-05/19/c_139067961_6.htm |archive-date=2020-08-23 |access-date=2020-07-16 |website=[[Xinhua News Agency]]}}</ref><ref>{{Cite news |date=June 3, 2020 |title=Work progressing on possible Chinese naval base in Pakistan? |work=[[The Week (Indian magazine)|The Week]] |url=https://www.theweek.in/news/world/2020/06/03/work-progressing-on-possible-chinese-naval-base-in-pakistan.html |url-status=live |access-date=July 15, 2020 |archive-url=https://web.archive.org/web/20200701120249/https://www.theweek.in/news/world/2020/06/03/work-progressing-on-possible-chinese-naval-base-in-pakistan.html |archive-date=July 1, 2020}}</ref><ref>{{Cite web |date=2020-08-28 |title=DOD Releases List of Additional Companies, in Accordance with Section 1237 of FY19 NDAA |url=https://www.war.gov/News/Releases/Release/Article/2328894/dod-releases-list-of-additional-companies-in-accordance-with-section-1237-of-fy/ |access-date=2020-08-29 |website=U.S. Department of Defense |language=en-US |archive-date=2020-08-28 |archive-url=https://web.archive.org/web/20200828202045/https://www.defense.gov/Newsroom/Releases/Release/Article/2328894/dod-releases-list-of-additional-companies-in-accordance-with-section-1237-of-fy/ |url-status=live }}</ref>

CCCC's subsidiary [[China Harbour Engineering Company]] is the leading infrastructure developer in Sri Lanka and is the principal contractor for the development of Hambantota International Port.<ref name=":Chen">{{Cite book |last=Chen |first=Muyang |title=The Latecomer's Rise: Policy Banks and the Globalization of China's Development Finance |date=2024 |publisher=[[Cornell University Press]] |isbn=9781501775857 |location=Ithaca and London}}</ref>{{Rp|page=94}} CCCC itself began a major project in Sri Lanka, [[Port City Colombo]].<ref name=":Chen" />

== See also ==

* [[Infrastructure-based development|Infrastructure-Based Development]] * [[Asian Infrastructure Investment Bank]]

==References== {{Reflist}}

==External links== * {{Official website}}

{{Construction and civil engineering companies of China}} {{China Railway Companies}} <!---cat sort position for templates--->

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[[Category:Construction and civil engineering companies based in Beijing]] [[Category:Railway construction companies of China]] [[Category:Companies owned by the central government of China]] [[Category:Construction and civil engineering companies established in 2005]] [[Category:Chinese companies established in 2005]] [[Category:Companies in the Hang Seng China Enterprises Index]] [[Category:Companies in the CSI 100 Index]] [[Category:Companies listed on the Hong Kong Stock Exchange]] [[Category:Companies listed on the Shanghai Stock Exchange]] [[Category:H shares]] [[Category:Defence companies of China]] [[Category:Chinese entities subject to U.S. Department of the Treasury sanctions]]