China Huaneng Group is a state-owned
important backbone enterprise,with the approval of the State Council,reorganized
on the foundation of the former China Huaneng Group Corporation.The
Group,administered by the central government,with the consent
of the State Council,conducts the experiment authorized by the
state to operate as an investment unit and state stock-holding
company.
In accordance with the requirements of the State Council concerning
the reform of China power structure, China Huaneng Group is an
enterprise legal entity, to operate on its own, being responsible
for its own profits and losses, taking power as its dominant business
and developing comprehensively.
In accordance with the state‘s laws and regulations China Huaneng
Group will carry out the rebuilding and normalization of its exclusively-invested,
stock-holding and joint-stocking enterprises, set up capital-linking
relations, exercise parent-son company system, establish management
system and operation mechanism conforming to the requirements
of socialistic market economy step by step.
China Huaneng Group, on the basis of business needs, may invest
to establish exclusively-invested, or stock- holding subsidiary
companies and branch companies, office agencies etc. affiliated
agencies at home and abroad.
The operation aims of China Huaneng Group are: to abide by the
state‘s laws and regulations, implement the state‘s policies,
on the basis of the development planning of national economy,
the state‘s industrial policies as well as the market demand,
to engage in the production and operation activities on its own
according to the laws, to adhere to reform, restructuring, transformation
and strengthen management, improve industrial structure, give
play to the integral superiorities of the Group, raise economic
benefit, enhance competitive power in the market, be sure to ensure
the value-maintaining and value-adding of state-owned assets;
to take power as its dominant business, to develop comprehensively,
become a large scale enterprise group which is fully reinforced
and first-class in management, to serve the nation and go out
wide with internationally competitive power step by step.
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