New Organizations
 
China Huaneng Group
中国华能集团公司

  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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