Approved by State-owned Assets Supervision and Administration Commission (SASAC), SPIC has changed its commercial registration into wholly state-owned company, a form of limited liability company, according to the State Council’s requirement for central SOEs to be reformed in a modern corporate system. With its full name changed into “State Power Investment Corporation Limited”, SPIC has entered a new stage of system reform and laid a sound foundation for improving corporate governance structure and marketized management mechanism.

After the registration change, the existing businesses, assets, qualifications, creditor’s rights and debts will be assigned to State Power Investment Corporation Limited.