China Guodian Corporation

[5] On August 28, 2017, SASAC announced that China Guodian Corporation and Shenhua Group will be jointly restructured.

[10] They mainly produce onshore wind turbines of size 1500 kW (designed by the German development company aerodyn Energiesysteme GmbH).

[11] China Guodian Corporation is setting up a property insurance company in Beijing to diversify the business into other areas, trying to aid its move towards becoming more comprehensive energy conglomerate.

[12] China Guodian will hold the majority stake in the proposed new insurance company, whose registered capital is expected to reach 1 billion yuan ($146 million).

Prior to China Guodian, the State Grid Corp and several other energy groups also expanded their businesses to the financial sector.