China Communications
Construction Co Ltd (1800)

China Communications
Construction Co Ltd (1800)

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China Communications Construction Co Ltd Profile

China Communications Construction Co Ltd (1800.xhkg) is a majority state-owned multinational engineering and construction company headquartered in Beijing, the People’s Republic of China. CHINACOMCONST primarily engages in the design, construction and operation of infrastructure assets. China Communications Construction Co Ltd was formed in 2005 by the merger of China Road and Bridge Corporation (CRBC) and China Harbour Engineering Company (CHEC). It is currently operating across 34 subsidiaries in more than 73 countries and regions. CHINACOMCONST reported 133.294 employees and ¥627.59B (CNY) in annual revenue, a remarkable 11.88% increase over 2019. China Communications Construction Co Ltd (1800.xhkg) is traded on the Shanghai Stock Exchange (SSE), on the Hong Kong Stock Exchange (SEHK), and has $112.80B (HKD) of current market cap. In 2018, Bangladesh banned one of the CHINACOMCONST subsidiaries after attempted corruption to win a highway tender. In August 2020, the United States Department of Commerce placed China Communications Construction Co Ltd on the Bureau of Industry and Security's Entity List for their construction work to militarize artificial islands in the South China Sea, considered by the United States Department of Defense to be a “Communist Chinese military company” which operates directly or indirectly in the United States. During the same year, one of CHINACOMCONST's subsidiaries has been under investigation in Bangladesh and the Philippines for alleged bribery.

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