Guodian and Shenhua Merge to Form New Company

On November 20, China Guodian Corporation and Shenhua Group Co., Ltd. merged to form a new company State Energy Investment Group Co., Ltd. (SEI)
According to official data Guodian’s total assets had exceeded RMB800 billion, while that of Shenhua Group had exceeded RMB1 trillion, both by the end of June 2017. This means that SEI’s total assets are likely to exceed RMB1.8 trillion, ranking behind only State Grid Corporation of China, CNPC and Sinopec.