The state owned assets supervision and Administration Commission of the State Council, Guangdong provincial government, Hainan provincial government and China Life Insurance Company Limited(601628) insurance (Group) company jointly signed the cooperation agreement on improving the ownership structure of China Southern Power Grid Co., Ltd. and promoting high-quality development. According to the plan, the ownership structure of China Southern Power Grid is adjusted to 51% held by the state owned assets supervision and Administration Commission of the State Council, 25.57% held by the people’s Government of Guangdong Province, 21.3% held by China Life Insurance Company Limited(601628) insurance (Group) Company and 2.13% held by the people’s Government of Hainan Province, realizing the consistency between ownership structure and management. Hao Peng, Secretary of the Party committee and director of the SASAC of the State Council, pointed out that China Southern Power Grid should take rationalizing the ownership structure as a new opportunity to better integrate into local economic and social development, serve major strategies such as the construction of Guangdong, Hong Kong and Macao Dawan District, Shenzhen first demonstration zone and Hainan free trade port, resolutely implement the goals and tasks of carbon peak and carbon neutralization, and effectively promote the green and low-carbon transformation of economy and society.
(Financial Associated Press)
