【Haichuan Teahouse】State-owned enterprises gather in the **new district – the next Pudong?

Which other central state-owned enterprises’ headquarters will be moved to the **new district?

Since its establishment in April 2017, Hebei **New Area has entered an important stage in which it undertakes the task of transferring Beijing’s functions that are not related to its role as the capital, while simultaneously carrying out large-scale development and construction; some central state-owned enterprises have already set up operations there or are about to do so. According to the official website of China Huaneng Group, on August 6, Shu Yinbiao, Secretary of the Party Leadership Group and Chairman of China Huaneng Group Co., Ltd., held talks in the ** New Area with Zhang Guohua, Secretary of the Party Working Committee and Director of the Management Committee of the Hebei Provincial Party Committee**, as well as the deputy governor of Hebei. They exchanged in-depth views on supporting the development of the ** New Area, advancing the relocation process in a high-quality manner, and strengthening cooperation in related fields. Shu Yinbiao said that Huaneng will make full use of its strengths, taking the relocation of its headquarters and the development of the company as opportunities to plan comprehensively, advance the relocation process with high quality, and set a good example. At the same time, it strengthens deep cooperation with the **New Area in areas such as comprehensive energy services, new energy development, finance, and technology, to promote the high-quality development of the **New Area. According to its official website, China Huaneng is a key state-owned enterprise established with the approval of the State Council. Its registered capital is 34.9 billion yuan. Its main business activities include the development, investment, construction, operation, and management of power generation facilities; the production and sales of electricity (and heat); as well as the development, investment, construction, production, and sales of products related to finance, coal, transportation, new energy, and environmental protection. It is also engaged in industrial investment and its related management activities.