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CGGC International Holds Business Meeting with China Huadian Hong Kong Company Limited
Date:2018-12-24 VisitCount: Font size:[ L M S ]
On December 21, CGGC International held the business meeting with China Huadian Hong Kong Company Limited in Beijing. Among the attendees were Chen Xiaohua, Member of the Standing Committee of the Party Committee and Deputy General Manager of CGGC, President of CGGC International and Secretary of the Party Committee, and President of CGGC Overseas Investment and Secretary of the Party Committee, Fang Zheng, Secretary of the Party Committee and President of China Huadian Hong Kong Company Limited, etc.

Scene of the Business Meeting

China Huadian Hong Kong Company Limited (CHDHK) is a wholly owned subsidiary of China Huadian Corporation (CHD). As the international investment and financing platform of China Huadian Corporation, CHDHK supports its main goal of investing in power generation, coal resources development, and power grid construction with financial and trading capabilities.

At the meeting, Chen Xiaohua introduced the development history, overall strength and international businesses of CGGC in details. He noted that, after over 10 years' rapid development, CGGC International has successfully achieved the great-leap-forward development focusing on international contracting and overseas investment and has become a pioneer in implementing the "Going Global" Strategy and the “Belt & Road” Initiative proposed by China by integrating domestic and international resources, planning overseas layout, and proactively accelerating lateral transformation and vertical upgrade. Playing a leading role in CGGC's international businesses, CGGC International proactively serves as the “window” and the “bridge” for CGGC's external cooperation. This business meeting with CHDHK is aimed to further expand the breadth and depth of international business cooperation between both parties, create a new pattern for CGGC in overseas cooperation, and achieve complementary advantages and mutual development.

Fang Zheng highly recognized the achievements, professional orientation, and brand strengths of CGGC in international businesses. He noted that, Huadian will focus on the development of overseas businesses, enhance the international project development, and accelerate the technical, equipment and construction export centering on greenfield projects supported by M&A. Facing an increasingly fierce market competition environment, enterprises of both parties enter overseas markets jointly by perfectly integrating the upstream and downstream industrial chains, which accords with their common interests. Huadian is willing to learn CGGC's experience in overseas development, continuously expand the cooperation of both parties in domestic and overseas investment, financing, and infrastructure construction, deeply practice the clean energy and international cooperation strategies in Southeast Asia, South Asia, Latin American, Central and Eastern Europe, and deepen the mutual-trust collaboration in international operation and localized management for powerful combination and mutual benefit.

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