TOPIC

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China State Construction Engineering

The latest news, analysis and opinion on China State Construction Engineering. In-depth analysis, industry insights and expert opinion.

Chairman / President

Zheng Xuexuan

CEO / Managing Director

Wen Bing

CFO / Finance Director

Huang Jie

Industry

Engineering & Construction

Website

cscec.com

Headquarters address

Beijing, China

Stock Code

SSE:601668

Year founded

1957

last updated:

30 September, 2024

CCA is an American subsidiary of state-owned China State Construction Engineering Corporation, the mainland’s largest construction group. Photo: Shutterstock

United States

China Construction US unit hit with US$1.6 billion fine over Bahamas project

New York judge’s ruling turned on whether losses in 1,000-acre tourism project stemmed from excessive debt or construction delays.

22 Oct 2024 - 7:07PM

Australia

Chinese developers pull back in Australia, New Zealand as property boom ends

20 Jan 2024 - 10:30AMvideocam

DHL-SCMP Hong Kong Business Awards

Allan Zeman leads 2023 DHL-SCMP Hong Kong Business Awards list

7 Dec 2023 - 11:44PM

Banking & finance

China advises state firms to watch finances as country moves to limit risk

The commission administering China’s largest state firms has cautioned them to control and prevent risk in their financial subsidiaries and operations, a sign of heightened focus on systemic shortfalls as debt burdens continue to plague smaller institutions.

6 Dec 2023 - 9:00AMvideocam

Troubled institutions like the Evergrande property development group are seen as potential risks throughout China’s economy, even for state-owned giants. Photo: AFP

Hong Kong politics

Mainland help key to providing 7,300 free cataract operations: Hong Kong charity

Operations provided to needy recipients in five belt and road countries, says former city leader Leung Chun-ying, who started GX Foundation.

22 Nov 2023 - 11:45PM

Hong Kong environmental issues

Calls for law change as first Hong Kong hydrogen station set to open in 2024

‘We call on the Hong Kong government to allow some private cars to use hydrogen energy during the trial phase,’ Sinopec general manager says.

20 Nov 2023 - 7:36PM

Hong Kong economy

900 technology companies drawn to Hong Kong amid city’s innovation drive

Government says 400 companies set up shop at Hong Kong Science Park over past 12 months, while 489 businesses chose hi-tech park Cyberport.

24 Oct 2023 - 2:11PM

Innovators answering Hong Kong’s call for tech talent are asking authorities to provide more targeted policies for their fields. Photo: Winson Wong

Hong Kong environmental issues

2 Hong Kong trial projects get green light to use hydrogen to make electricity

Nine applications of hydrogen energy trial projects have been given in-principle approval since March 24.

13 Oct 2023 - 8:27PM

Ukraine war

Ukraine puts China’s three biggest oil producers on a ‘sponsors of war’ list

CNOOC Group, Sinopec Group and CNPC were added to the Ukrainian government’s register, which Kyiv claims is used by banks and insurance companies for risk assessments.

4 Oct 2023 - 1:52AM

Belt and Road Initiative

Minister invites Hong Kong leader to Egypt, touts opportunities tied to Suez Canal

Rania al-Mashat, Egypt’s minister of international cooperation, says Lee has expressed keen interest in North African country.

15 Sep 2023 - 9:00AM

Rania Al-Mashat, the Egyptian international cooperation minister, at the Belt and Road Summit in Hong Kong. Photo: Handout

Belt and Road Initiative

Chinese NGO fixes eyes while helping state-owned companies build ties overseas

Hong Kong-based GX Foundation sends medical teams to perform cataract surgery in developing countries from Djibouti to Laos, while China’s SOEs provide support for patients.

19 Aug 2023 - 2:37PMvideocam

A doctor working with GX Foundation performs a cataract operation at a mobile surgery centre parked in Djibouti City in March. Photo: Handout

Hong Kong workers/labour rights

Heat-stress guidelines for Hong Kong building sites aim to cut confusion

Industry guidelines suggest workers take 15-minute break at 10am and a 30-minute one at 3.15pm when government heat stress alert is issued.

16 Aug 2023 - 2:00AMvideocam

Science

Safety row hits Chinese high-speed railway. How serious is the issue?

State-owned outlet says foundation pillars for a rail bridge were shorter than the design length and accuses a construction firm of cutting corners.

6 Aug 2023 - 4:29PMvideocam

Australia

Australia remains ‘open’ to Chinese investments as bilateral tensions ease

Approval of Chinese group’s investment in Australian nickel producer shows there is ‘no blanket ban’ on Chinese investments in Australia.

4 Jul 2023 - 8:55PM

A truck is loaded with nickel ore before being prepared for solar drying at a refinery in Yabulu, Australia. Photo: Handout/Reuters

China-EU relations

Exclusive | EU cuts Chinese firms from sanctions list over flow of military goods to Russia

Brussels says the three remaining businesses are Russian entities operating in China and will remain on the list.

15 Jun 2023 - 3:03AMvideocam

Chinese leader Xi Jinping and Russian President Vladimir Putin meet in Moscow on March 21. Photo: AP

Belt and Road Initiative

How Egypt is drawing Chinese investors with the Suez Canal shortcut to Europe

Egypt has secured investment deals with Chinese companies worth more than US$8 billion for its Suez Canal Economic Zone in recent months.

5 Jun 2023 - 3:55PMvideocam

Hong Kong workers/labour rights

Hong Kong bosses not warm on new anti-heatstroke guidelines

Industry representatives point to work processes at construction sites, arguing halting one job type could affect production lines.

9 May 2023 - 7:05PM

Xiaomi

Ukraine calls Xiaomi a ‘war sponsor’ over smartphone sales in Russia

Sales of Chinese smartphones in Russia have jumped after Apple and Samsung left the market because of geopolitical developments.

14 Apr 2023 - 5:04PM

Pakistan

Pakistan and Egypt: too big to fail to a Sri Lanka-style economic crisis?

Both are suffering a severe currency crisis fuelled by unsustainable spending and unaccountable borrowing from lenders that include the IMF and China. But the austerity creditors are calling for has its own consequences.

5 Feb 2023 - 3:08PM

NetEase

NetEase lands deal to develop smart robots for China’s construction industry

Fuxi Lab, the artificial intelligence arm of NetEase Games, will jointly develop smart robots with a unit of China State Construction Engineering Corp.

9 Dec 2022 - 7:59PM

China property

Embattled Chinese property developer Agile Group redeems US$207 million bond

The company, one of China’s top home sellers, redeemed a 1.5 billion yuan (US$207 million) bond due this month, according to a late Wednesday filing with the Hong Kong exchange.

20 Oct 2022 - 11:14AM

People walk past a residential property development by Agile Property in Zhongshan, China onJune 27, 2018. Photo: Reuters

Hong Kong national security law

Former Hong Kong civil engineer gets 5 years’ jail for cop attack during protest

Wong Kwan-wa, 26, was intercepted on plane leaving for London after police receive anonymous tip-off.

13 Oct 2022 - 1:59PM

Protesters face off with police in Causeway Bay on July 1, 2020, in a demonstration against the national security law. Photo: Sam Tsang

Coronavirus Hong Kong

Hong Kong security chief unveils Covid isolation facility with 3,000 units

Secretary for Security Chris Tang showcases new isolation facility in Kai Tak, says he hopes coronavirus patients can find ‘a little sweetness in the bitterness’.

6 Aug 2022 - 9:02PM

Business of climate change

Only 11 per cent of listed firms globally on track for key climate goal

Listed companies globally are putting greenhouse-gas emissions into the atmosphere at a rate that would warm the planet by 2.9 degrees Celsius, far above a crucial 1.5-degree target, according to MSCI.

30 Jun 2022 - 3:30PMvideocam

IPO

Explainer | What are ‘red chips’ and why do they matter to Hong Kong’s market?

There are 175 so-called red-chip stocks listed in Hong Kong. Some of the biggest names include the holding companies for Bank of China’s local operations, conglomerate Citic and developer China Resources Land.

29 Jun 2022 - 10:07PMvideocam

A student walks past Chinese and Hong Kong flags decorated to mark the 25th anniversary of Hong Kong handover. Photo: AP

Coronavirus Hong Kong

Hong Kong leader set to reveal eased measures, Covid-19 caseload drops to 14,149

City leader notes downward trend in infections but warns that a rebound could still surface, mentions also that those infected in fifth wave to be excused from testing in building lockdowns.

20 Mar 2022 - 11:26PM

271

Hong Kong has been in the grip of a raging fifth wave of Covid-19 infections. Photo: Bloomberg

Coronavirus Hong Kong

Hong Kong officials vow to improve conditions at new Covid-19 isolation centres

Security Bureau’s Keith Lau says anti-epidemic task force has been sourcing for items such as books and toys to cater to residents quarantined at isolation centres.

20 Mar 2022 - 1:09PMvideocam

Cantonese

My Hong Kong | Why ‘gweilo’ is a word most Hong Kong’s expats aren’t insulted by

There are certain words people use in Hong Kong to hurt others, but ‘gweilo’ is not one of them, as a recent court judgment found. It’s a harmless term that expats like.

26 Feb 2022 - 9:45AM

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