China Guodian Corporation (Guodian, 国电) is one of the five largest power producers in the People's Republic of China

People's Republic of China

China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...

, administrated by SASAC for the State Council of the People's Republic of China

State Council of the People's Republic of China

The State Council of the People's Republic of China , which is largely synonymous with the Central People's Government after 1954, is the chief administrative authority of the People's Republic of China. It is chaired by the Premier and includes the heads of each governmental department and agency...

. It is engaged in development

Regional development

Regional development is the provision of aid and other assistance to regions which are less economically developed. Regional development may be domestic or international in nature...

, investment

Investment

Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...

, construction

Construction

In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking...

, operation

Operations management

Operations management is an area of management concerned with overseeing, designing, and redesigning business operations in the production of goods and/or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as little resources as needed, and...

 and management

Management

Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...

 of power plants and power generation for electricity

Electricity

Electricity is a general term encompassing a variety of phenomena resulting from the presence and flow of electric charge. These include many easily recognizable phenomena, such as lightning, static electricity, and the flow of electrical current in an electrical wire...

 supply in Northern China

North China

thumb|250px|Northern [[People's Republic of China]] region.Northern China or North China is a geographical region of China. The heartland of North China is the North China Plain....

, Northeast China

Northeast China

Northeast China, historically known in English as Manchuria, is a geographical region of China, consisting of the three provinces of Liaoning, Jilin and Heilongjiang. The region is sometimes called the Three Northeast Provinces...

, Central China, East China

East China

East China is a geographical and a loosely-defined cultural region that covers the eastern coastal area of China.Although an intangible and loosely defined concept, for administrative and governmental purposes, the region is defined by the government of the People's Republic of China to include...

. Sichuan

Sichuan

' , known formerly in the West by its postal map spellings of Szechwan or Szechuan is a province in Southwest China with its capital in Chengdu...

 and Chongqing

Chongqing

Chongqing is a major city in Southwest China and one of the five national central cities of China. Administratively, it is one of the PRC's four direct-controlled municipalities , and the only such municipality in inland China.The municipality was created on 14 March 1997, succeeding the...

, Shandong

Shandong

' is a Province located on the eastern coast of the People's Republic of China. Shandong has played a major role in Chinese history from the beginning of Chinese civilization along the lower reaches of the Yellow River and served as a pivotal cultural and religious site for Taoism, Chinese...

, Yunnan

Yunnan

Yunnan is a province of the People's Republic of China, located in the far southwest of the country spanning approximately and with a population of 45.7 million . The capital of the province is Kunming. The province borders Burma, Laos, and Vietnam.Yunnan is situated in a mountainous area, with...

, Guizhou

Guizhou

' is a province of the People's Republic of China located in the southwestern part of the country. Its provincial capital city is Guiyang.- History :...

, Guangxi

Guangxi

Guangxi, formerly romanized Kwangsi, is a province of southern China along its border with Vietnam. In 1958, it became the Guangxi Zhuang Autonomous Region of the People's Republic of China, a region with special privileges created specifically for the Zhuang people.Guangxi's location, in...

 and Xinjiang

Xinjiang

Xinjiang is an autonomous region of the People's Republic of China. It is the largest Chinese administrative division and spans over 1.6 million km2...

 as well as in Burma.

Subsidiaries

• Guodian Power Development Company Limited (SSE: 600795), which is listed on the Shanghai Stock Exchange
  Shanghai Stock Exchange
  The Shanghai Stock Exchange , abbreviated as 上证所/上證所 or 上交所, is a stock exchange that is based in the city of Shanghai, China. It is one of the two stock exchanges operating independently in the People's Republic of China, the other is the Shenzhen Stock Exchange...
  
  , is the Group's major thermal power subsidiary
  Subsidiary
  A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
  
  .
• China Longyuan Power (SEHK 00916) - is the Group's main wind power company.

Insurance business

China Guodian Corporation is setting up a property insurance

Property insurance

Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance or boiler insurance. Property is insured in two main...

 company in Beijing to diversify business into other areas, trying to aid its move towards becoming a more comprehensive energy conglomerate

Conglomerate (company)

A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...

.http://www.chinadaily.com.cn/bizchina/2008-12/12/content_7299600.htm 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).

In the first half of 2008, China Guodian invested in a life insurance

Life insurance

Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness may also trigger...

 company. Later in September, the group purchased a 19.6 percent stake in a city commercial bank in Shijiazhuang

Shijiazhuang

Shijiazhuang is the capital and largest city of North China's Hebei province. Administratively a prefecture-level city, it is about south of Beijing...

, capital city of Hebei province, becoming the bank's largest shareholder.

Prior to China Guodian, the State Grid Corp and several other energy groups also expanded their businesses to the financial sector. They have established a number of insurance companies and hold stakes in securities and futures

Futures contract

In finance, a futures contract is a standardized contract between two parties to exchange a specified asset of standardized quantity and quality for a price agreed today with delivery occurring at a specified future date, the delivery date. The contracts are traded on a futures exchange...

 brokerages.