On December 25, 2021, a conference room in Shenzhen presents a busy scene. At the “Conference on Improving China Southern Power Grid’s Equity Structure and Promoting High-Quality Development”, the State-owned Assets Supervision and Administration Commission of the State Council, the Guangdong Provincial Government, the Hainan Provincial Government, and China Life Insurance (Group) High-quality development cooperation agreement.

The meeting conveyed the State Council's approval of China Southern Power Grid's plan to straighten out its equity. According to the plan, the shareholding structure of China Southern Power Grid was adjusted to 51% by the State-owned Assets Supervision and Administration Commission of the State Council, 25.57% by the Guangdong Provincial People's Government, 21.3% by China Life Insurance (Group) Company, and 2.13% by the Hainan Provincial People's Government.

It is understood that China Southern Power Grid is the product of the reform of the national power system in 2002. After two shareholding adjustments, the shareholding structure has continued to be optimized.

After this adjustment, State Grid retired from the ranks of shareholders and no longer held shares of China Southern Power Grid. The largest shareholder of China Southern Power Grid was changed from the People’s Government of Guangdong Province to the State-owned Assets Supervision and Administration Commission of the State Council. The shareholding ratio of the provincial people's government has declined.

Hao Peng, Secretary of the Party Committee and Director of the State-owned Assets Supervision and Administration Commission of the State Council, pointed out that China Southern Power Grid should take the rationalization of the equity structure as a new opportunity, adhere to the overall leadership of the party, strengthen the party building of the enterprise, implement the "two consistent" requirements, and promote the integration of party leadership into corporate governance Institutionalization, standardization, and proceduralization, speed up the improvement of the corporate governance structure of the company, and explore the formation of a more mature and finalized modern corporate system with Chinese characteristics. To better integrate into local economic and social development, serve the construction of major strategies such as the Guangdong-Hong Kong-Macao Greater Bay Area, Shenzhen Pilot Demonstration Zone, and Hainan Free Trade Port, resolutely implement the carbon peak and carbon neutral goals and tasks, and vigorously promote the economic and social green and low-carbon transition . It is necessary to focus on main responsibilities and main businesses, promote the development of digital and networked intelligence, carry out in-depth benchmarking of first-class management improvement actions, accelerate the construction of world-class enterprises, actively play the role of optimizing the allocation of large-scale power grid resources, continuously improve service quality and safety assurance capabilities, and resolutely A "stabilizer" for the smooth operation of the regional economy will help local economic and social development.

Meng Zhenping, Chairman and Party Secretary of China Southern Power Grid, stated that China Southern Power Grid will implement the deployment arrangements of the State-owned Assets Supervision and Administration Commission of the State Council, actively follow the requirements of all shareholders, do a good job in all aspects of equity rationalization, and give full play to the strategic support role of the state-owned economy. Stabilize the macroeconomic market and maintain economic operations within a reasonable range to make due contributions. Adhere to the overall leadership of the party and serve the overall situation of the party and the country; establish and improve a modern enterprise system to promote better transformation of institutional advantages into governance efficiency; form a new business situation, further enlarge the function of state-owned capital; deepen reform and innovation, and accelerate the construction of global competitiveness World-class enterprise. Keywords: central enterprises, engineering construction

The further improvement of the equity structure this time is a milestone progress made by China Southern Power Grid to straighten out the equity relationship. It will help all shareholders to exercise their shareholder rights in accordance with the law and promote complementary advantages and win-win cooperation. It will also help China Southern Power Grid to further build and improve a modern enterprise with Chinese characteristics. System, form a governance mechanism with statutory rights and responsibilities, transparent rights and responsibilities, coordinated operation, and effective checks and balances, and promote high-quality development of enterprises, which is conducive to amplifying the function of state-owned capital and further enhancing the competitiveness, innovation, control, influence and resistance of the state-owned economy. Risk capacity. Editor/Sang Xiaomei