SNCF main business of the SNCF Group, which in 2017 had €33.5 billion of sales in 120 countries. The SNCF Group employs more than 260,000 people. Since July 2013, the SNCF Group headquarters are located in a Parisian suburb at 2 Place aux Étoiles in Saint-Denis. The President of the SNCF Group is Guillaume Pepy. SNCF operates almost all of France's railway system, including the TGV ("Train à Grande Vitesse", meaning "High-speed train"). In the 1970s, the SNCF began the TGV high-speed train programme with the intention of creating the world's fastest railway network. It came to fruition in 1981, when
China Railway No.2 Group the State Council. In January 2017, China Railway Group Limited backdoor listing some assets, as well as privatized China Railway Erju's subsidiary China Railway Erju Engineering Co., Ltd. (). China Railway Erju was renamed to China Railway Hi-tech Industry (CRHIC) after the transactions. The predecessor of the company was found in 1998 (China Railway No.2 Group Co., Ltd., ), which could be traced back to 1978, as the Second Bureau of Engineering of the Ministry of Railways. () The original second bureau could traced back the history to 1950, but in 1978 the bureau was split into the [new] second