Insider trading in China Railway Construction Company

The unfinished case of Liu Zhijun painted a gray exclamation mark on the frantic bid for high-speed rail.　　Yesterday (March 23), the Audit Commission announced the Beijing-Shanghai high-speed Railway construction project 2010-Year follow-up audit results, the first official disclosure of high-speed rail bidding behind the gray interests of the iceberg.　　In this audit result, China Railway Construction Group Co., Ltd. (hereinafter referred to as China Railway), China Railway Building Group Co., Ltd. (hereinafter referred to as China Railway construction) ranked among them, at the same time was referred to the Beijing-Shanghai High Iron Project bidding, the exclusion of potential bidders, illegal access to the project contract, the total amount of money As of yesterday, the two companies did not make a formal response to the press.　　Before the reporter repeatedly contacted its propaganda department and related leaders, they are "need to wait for the above unified deployment" or "temporary ignorance" and other reasons declined the interview request.　　It is understood that the Audit Commission will start in June this year to the Beijing-Shanghai high-speed railway construction project to carry out a new year follow-up audit, focusing on the audit last year to detect problems in rectification. 6 decoration contracts involved in the amount of 490 million audit results show that June 2009, the Ministry of Railways Engineering Design and appraisal center issued access to railway passenger station decoration decoration and curtain wall project Construction enterprise directory, Beijing-Shanghai Company in Qufu East, Changzhou North and other station house project tender, and the list of the Chinese iron construction,　　China Railway Construction Two enterprises signed a station room decoration Project contract 6, excluding potential bidders, involved in the amount of 490 million yuan.　　In response to this problem, although China Railway construction, China Railway has not been responded, but the Beijing-Shanghai company said that it will further improve the relevant management system, in the future bidding work in strict compliance with the law. According to the official website of the two companies, China Railway Construction is a wholly-owned company with Chinese CRCC (6.96,0.02,0.29%) Co., Ltd. (China Railway or Chinese railway), China Railway (4.56,0.00,0.00%) Co., Ltd. (Chinese medium Iron or China Railway)　　Wholly-owned companies. In fact, doubts about these companies have been looming in the early.　　Although many people in the industry stressed that in the high Iron project, out of funds, technical barriers, as well as security, system and other comprehensive considerations, destined to be "national character army" mainly, but for the "national character army" between the bidding competition, most of the industry insiders implicitly expressed inconvenience comments. "We do not care about the bidding, the construction business directory and the issue is not very clear."　　"The Ministry of Railways Engineering Design Appraisal Center in an interview with the Daily economic news, said that they and the Ministry of Economic Planning Institute is a unit of two brands, the daily work of the identification Center is only in the relevant design plan, the mandatory review, such as whether in line with national technical standards."　　According to the SASAC announced the contact of the central Enterprises spokesperson, the reporter tried to contact the Chinese iron Building Dong-Yu-hee, but as of press, its fixed phone is always in a busy signal, the phone is no answer. The academician proposed to adopt the "General contract" form of the Audit Commission announced at the same time, Beijing-Shanghai high-speed railway construction project in addition to the existence of investmentThere are many problems, such as false or false invoices, financial and financial management is not strict, implementation system is not in place.　　Many insiders frankly, high-speed railway project construction funds large, wide range, management links, chain is too long, in the project approval, project budget, project tendering, equipment purchase, engineering funds settlement and other links, it is easy to appear right money transactions and other corrupt practices. One industry insider, who declined to be named, pointed out that at present, China's railway system is a collection of procurement, operation, supervision and lack of independent regulatory mechanisms, which is the crux of corruption.　　And China's "tendering and bidding law" lack of unified information disclosure channels, part of the bidding and procurement links are delivered to the social intermediary agencies, the intermediary link corruption is not uncommon. "I have strongly recommended the abolition of intermediary organizations," Chinese Academy of Engineering, the authority of high-speed railway experts Wang Mengshu also said, "The bidding of many problems in the intermediary, they use social relations to bid, charge intermediary fees."　　"Wang Mengshu introduced, these intermediary organizations include some retired cadres, senior employees and other enterprises, they use their old relationship, engaged in various bidding gray transactions."　　Industry insiders said that the "bidding law" another major flaw is that the procurement contract after the signing of the situation can not be regulated, many successful suppliers and procurement department collusion, add or replace project materials or services, or even change the contents of the original tender contract. Wang Mengshu disclosed that in order to prevent corruption, construction projects should be adopted as soon as possible "general contracting" form, the owner selected general contractor, reconnaissance, design, and procurement, engineering subcontracting and other links directly by the general contractor to determine the subcontract, so as to avoid the distribution of the main body primary and secondary confusion State, It can also avoid the complex relationship that law enforcement agencies have to impose on multiple market subjects in a project in the past.