BEIJING, July 6 — China Huadian Corporation (CHD) has founded China Huadian Hong Kong Company in active response to the Chinese central government’s “going abroad” strategy.
CHD Hong Kong Company is an investment company wholly funded by CHD in Hong Kong. As the platform for CHD’s overseas investment, the Hong Kong company is “shouldering the significant mission of tapping international market, implementing CHD’s internationalisation strategy and improving global competency,” says the company.
Its business portfolio is composed of development, construction, operation and management of power plant and coal projects as well as investment and financing in related industries.
CHD group chairman Cheng Niangao is named as the new company’s chairman, with Ge Hongwu as president.