China Water Resources and Hydropower
Constructing Group Corporation is a state- owned enterprise approved
by the State Council and organized on the foundation of China
Water Resources and Hydropower Engineering Construction Company
and relevant enterprises under the former State Power Corporation
of China. Its main membership includes 23 solely-owned enterprises
and 2 stock-holding enterprises.
The Group Corporation is mainly engaged in overall contracting,
investigation and design, construction, consultancy and supervision
of water resources and hydropower projects. Its registered capital
is tentatively fixed at 2000 million yuan and total assets amount
to 13,900 million yuan. Assets revaluation and capital verification
shall not be conducted.
The Group Corporation is under the charge of central competent
department. Its asset management and relevant financial relationship
are directed by the Ministry of Finance. It exercises a president
responsibility system. According to the stipulation of the Interim
Regulations Concerning Board of Supervisors to State-owned Enterprises,
the State Council appoints a board of supervisors for major state-owned
enterprises to the Group Corporation to supervise the value maintaining
and adding of its state-owned assets.
With the consent of the State council, the Group Corporation
shall exercise capital contributor‘s rights to the state-owned
assets and stock rights formed by the State investment and owned
by the Group Corporation and it shall perform operation, management
and supervision and undertake corresponding responsibilities for
value maintaining and adding. And the Group Corporation shall
do on its own all the businesses under the macroscopic control
and inspection of the State.
The Group Corporation‘s assets and financial relationship are
independently registered in the Ministry of Finance. All resources
and production and operating conditions needed by the Group Corporation
to complete the state tasks, being within the scope of the State
unified appropriation, shall be independently listed in the relevant
plan of the State and uniformly organized to implement Corporation.
Group
The leadership is administered by the State and the leading
group is composed of one president, Mr. Guo Jiantang, four vice-presidents,
Mr. Liu Qitao, Mr. Liu Jingdi, Mr. Fu Yuanchu and Mr. Yuan Bosong,
one headman of discipline inspecting group, Mr. Tang Sujun, one
chief accountant, Mr. Chen Bin.
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