Founded in October 2015, PT Kereta Cepat Indonesia China (KCIC) is a joint venture between a consortium of Indonesian State-Owned Enterprises (BUMN) through PT Pilar Sinergi BUMN (PSBI) and a consortium of Chinese railroad companies through Beijing Yawan HSR Co.Ltd, with Indonesia business to business (B2B) scheme in public transportation sector.

Established to develop the mass transportation infrastructure of the homeland railroad, PT KCIC is currently the owner of the Jakarta-Bandung Fast Train project which is one of the Indonesian government's National Strategic Projects (PSN) in accordance with Perpres No. 3/2016.