On March 14, the first session of the 12th National People's Congress voted to adopt the State Council's Institutional Reform and Function Transformation Plan. In the afternoon of that day, China Railway Corporation was established.

On March 14, the first session of the 12th National People's Congress voted to adopt the State Council's Institutional Reform and Function Transformation Plan. In the afternoon of that day, China Railway Corporation was established.

According to Xinhua News Agency, the founding meeting of China Railway Corporation was held at the former Ministry of Railways. Ma Kai, member of the Political Bureau of the CPC Central Committee, State Councilor and Secretary-General of the State Council, attended and addressed the meeting.

According to the Reply of the State Council on Issues Related to the Establishment of China Railway Corporation released by the Chinese government website, the registered capital of China Railway Corporation is 1036 billion yuan. The company implements the general manager responsibility system, and the general manager is the company's legal representative. At the founding meeting yesterday, Sheng Guangzu, the former Minister of Railways, was announced as the legal representative of China Railway Corporation. On the same day, Sheng Guangzu was elected as a member of the Standing Committee of the National People's Congress.

The above reply was issued to the Ministry of Transport, the Ministry of Finance and the State Railway Administration, and the payment was signed on March 14.

According to the reform plan of the Ministry of Railways separating government from enterprises, the newly established China Railway Corporation will undertake the original enterprise functions of the Ministry of Railways. After the cancellation of the Ministry of Railways, the direction of its existing 2.66 trillion yuan debt and how to continue the future railway investment have not been clarified with the release of the reform plan of the Ministry of Railways. Some people, including representatives and members of the National "Two Sessions", still have many questions about the specific implementation of the reform of the Ministry of Railways.

Unexpectedly, China Railway Corpo.

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