Posted inChina

Two leading SOEs merge into China Energy Investment Corp.

The Guodian Group and Shenhua Group, two leading state-owned power and energy companies, have merged into a new company called China Energy Investment Corporation administrated by the State-owned Assets Supervision and Administration Commission (SASAC), China Securities Journal reported. By the end of June this year, the total assets of Guodian Group exceeded 800 billion yuan […]