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Reporters' Log

China Power Investment Corp plans to list all its assets

By Li Weitao (chinadaily.com.cn)
Updated: 2009-03-07 16:19

China Power Investment Corporation, one of the country's top five power groups, plans to get all of its assets listed in the coming years, a company executive said.

The company, the only power firm with a nuclear power license among the country's top five, is now consolidating its regional assets, which could take two to three years, ahead of a final listing, company General Manager Lu Qizhou, was quoted by China Securities Journal as saying on the sidelines of the Chinese People's Political Consultative Conference.

China Power Investment Corp had total assets of 284.2 billion yuan ($41.55 billion) at the end of last year, according to its website. It controls more than 200 companies and holds stakes in five other companies, employing more than 100,000 people.

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