Text/Xu Dongzhang Energy Information After the listing of Three Gorges New Energy, the market value exceeded 100 billion yuan that day.

Since then, it has continued to rise, and its market value is now close to 150 billion.

Beijing's state-owned enterprise Beijing Enterprises announced that in order to better implement the national development strategy of the Yangtze River Economic Belt and the green and high-quality development of the capital, the Beijing State-owned Assets Supervision and Administration Commission, as the wholly-owned controlling shareholder of Beijing Enterprises Group, has reached a preliminary agreement with China Three Gorges Group Co., Ltd.

knowledge, and further deepened equity cooperation by introducing China Three Gorges Corporation as a strategic investor of Beijing Enterprises Group.

One is a star central enterprise in the development of new energy, and the other is a typical state-owned enterprise in Beijing.

The two companies join forces to implement the national development strategy of the Yangtze River Economic Belt and the green and high-quality development of the capital.

Its significance has gone beyond simple capital operations to strengthen the ability to implement policies.

Some media reports speculated that China Three Gorges Corporation may control Beijing Enterprises, thereby impacting the world's top 500 companies.

However, there is currently no official information.

The combined assets of the two companies are close to 1.4 trillion, exceeding the threshold of the Fortune 500.

China Three Gorges Corporation is a state-owned enterprise deeply engaged in clean energy.

Relying on the Three Gorges Project, China Three Gorges Corporation leads hydropower construction, implements "Going Global" and "One Belt and One Road", strives to create an upgraded version of China's hydropower "Going Global", and is committed to becoming the leader of China's "Going Global" hydropower industry chain.

The international investment business focuses on markets in neighboring countries with interconnection conditions, water-rich markets in South America and Africa, and new energy markets in developed countries in Europe and the United States, and launches mergers and acquisitions and new projects.

As of the end of 2018, the total overseas controllable and equity installed capacity of China Three Gorges Corporation exceeded 17 million kilowatts, forming an influential Three Gorges brand in the international market.

The new energy business implements a differentiated development strategy.

As of June 2021, Three Gorges Energy's business has covered 30 provinces, autonomous regions and municipalities across the country, with grid-connected wind power, photovoltaic and small and medium-sized hydropower installed capacity exceeding 16 million kilowatts, and total assets exceeding 150 billion yuan.

In June, Three Gorges New Energy was listed on the Shanghai Stock Exchange.

As of the end of 2020, China Three Gorges Group's controllable, under construction and equity installed capacity reached 140 million kilowatts; its asset scale was close to 1 trillion yuan, and its asset-liability ratio was 50.78%, maintaining the highest international credit rating.

It has been rated A grade for 13 consecutive years in the annual operating performance evaluation of central enterprises.

The installed capacity and asset scale of China Three Gorges Group are closely followed by the five major power generation groups, and its installed power generation capacity is all clean energy.

China Three Gorges Corporation was born because of the Three Gorges Project.

On September 27, 1993, the State Council approved the establishment of China Three Gorges Project Development Corporation. As the owner of the Three Gorges Project, it is fully responsible for the construction and operation management of the Three Gorges Project.

On September 27, 2009, it was renamed China Three Gorges Corporation.

On December 28, 2017, China Three Gorges Corporation completed its corporate restructuring and became a wholly state-owned company, and its name was changed to China Three Gorges Corporation.

After nearly 30 years of sustained, rapid and high-quality development, China Three Gorges Corporation has become the world's largest hydropower development and operation enterprise and China's largest clean energy group. It is one of the first 10 demonstration enterprises designated by the State-owned Assets Supervision and Administration Commission of the State Council to create world-class enterprises.

As the main body of Three Gorges development, China Three Gorges Corporation plays a unique role in the development strategy of the Yangtze River Economic Belt.

In April 2018, the National Development and Reform Commission and the State-owned Assets Supervision and Administration Commission of the State Council jointly approved the strategic development positioning of China Three Gorges Corporation: to proactively serve the development of the Yangtze River Economic Belt, the construction of the “Belt and Road” and other major national strategies, and to deeply integrate into the Yangtze River Economic Belt and fully grasp the Yangtze River.

Play a backbone and main role in large-scale protection, assume basic guarantee functions in promoting regional sustainable development, assume leadership responsibilities in promoting the upgrading and innovative development of the clean energy industry, promote enterprises to deepen reforms, and accelerate the establishment of strong innovative capabilities and global competitiveness

A world-class multinational clean energy group.

At the same time, it is required to play a good role in the "six major roles", namely: playing a basic guarantee role in promoting the development of the Yangtze River Economic Belt, playing a backbone and main role in comprehensively protecting the Yangtze River, and playing a leading role in leading China's hydropower to "go global"

, play a leading role in promoting the upgrading of the clean energy industry, play a demonstration role in deepening the reform of state-owned enterprises, and play an exemplary role in fulfilling social responsibilities.

To sum up, the Yangtze River Economic Belt, the upgrading of the clean energy industry, going global and the reform of state-owned enterprises all play a role.

Beijing Enterprises is not simple either. It is the largest state-owned enterprise in Beijing.

Its business involves all aspects of city operations.

Beijing Enterprises Group Co., Ltd. was established in January 2005. It is a large municipal state-owned enterprise group jointly established by the former Jingtai Industrial Group, Beijing Enterprises Group and Beijing Gas Group.