China Huadian Group Capital Holding Co., Ltd.: To build a first-class industrial financial group with energy characteristics

Finance is the lifeblood of the national economy and an important part of the country's core competitiveness. The Party Committee of China Huadian Group Capital Holding Co., Ltd. (hereinafter referred to as Huadian Capital) has conscientiously studied and implemented General Secretary Xi Jinping's important expositions on financial work, deeply understood the great significance of taking the road of financial development with Chinese characteristics, resolutely implemented the requirements of the "Eight Insistences", consciously obeyed and served the national development strategy, and promoted high-quality financial development in accordance with the financial industry layout of China Huadian Party Group, focusing on the two main lines of ensuring energy security and green and low-carbon development, and better serving and supporting Chinese-style modernization.

Adhere to the centralized and unified leadership of the Party Central Committee over financial work, and lead the company's high-quality development with high-quality party building. Adhering to the centralized and unified leadership of the CPC Central Committee over financial work is not only a characteristic of China's financial development, but also an advantage of China's financial development, and the key to ensuring the correct direction of financial reform and development and the country's financial security. Under the leadership of the Party Group of China Huadian, the Party Committee of Huadian Capital has always adhered to and strengthened the overall leadership of the Party, and given full play to the role of the Party Committee in guiding the direction, managing the overall situation and ensuring implementation. Adhere to the comprehensive and strict governance of the party, build a team of loyal, clean and responsible cadres, and improve the purity, professionalism and combat effectiveness of the financial team. Strengthen the construction of grass-roots party organizations, improve the "Hongyun" party building work system, and promote the deep integration of modern first-class party building and the "double first-class" goal of building a first-class industrial financial group with energy characteristics. Improve the mechanism of party building and joint construction, make good use of the work carrier of the "gang district team", and continue to carry out activities such as "the secretary is in charge of the vanguard of party members", party members receive flags, and five-star party member selection, so as to test the effectiveness of the party organization with the results of enterprise reform and development.

Adhere to the people-centered value orientation, and realize the organic unity of economic value and social value. In the face of the people's demand for multi-level, differentiated and inclusive consumer finance, insurance protection and wealth management, the Party Committee of Huadian Capital adheres to the people-centered development philosophy, builds business development on the basis of meeting the needs of the masses, builds a wide-coverage, differentiated and cross-market product system, and continuously improves the inclusiveness and coverage of financial services. At the same time, we pay attention to fulfilling the social responsibilities of central enterprises, do a good job in preventing financial fraud, vigorously carry out public welfare charitable trusts and family trusts, establish love points supermarkets, and organize employees to donate materials and consume poverty alleviation in underdeveloped areas. We will increase financial support for the private economy, small and medium-sized enterprises, and the "three rural" areas, and continuously improve the ability to provide financial services for people's livelihood and well-being, as well as economic and social development.

Adhere to the financial services for the real economy as the fundamental purpose, deepen the integration of industry and finance, promote industry with finance, and strengthen industry with finance. The financial business of central enterprises needs to continuously improve the ability to serve the main business, service industry and service industry, give full play to the synergy effect of industry and finance, effectively improve the efficiency of capital operation, achieve economies of scale, and enhance the core competitiveness of enterprises. The Party Committee of Huadian Capital consciously puts the development of the financial industry in the overall situation of the development of China's Huadian industry, and aims to build a first-class industrial financial group, with the annual scale of industry and finance integration exceeding 100 billion yuan. In the next step, Huadian Capital will always adhere to the positioning of industrial finance, adhere to the concept of "what industry thinks, what finance goes", improve the index system and target system of industry and finance, increase the assessment of the completion of industry and finance and green finance, and further stimulate the initiative of industry and finance. Strengthen the construction of the investment system, focus on the upstream and downstream projects of the new quality productivity and energy industry chain, identify the entry point of financing, adjust and optimize the business structure, innovate and research various financial products, continuously improve the company's contribution to efficiency, and provide financial support for the development of Huadian's main business and the social real economy.

Adhere to the prevention and control of risks as the eternal theme of financial work, and firmly guard the bottom line of no systemic financial risks. Financial security is an important part of national security, and preventing and defusing financial risks is the fundamental task of financial work and the eternal theme of financial work. The Party Committee of Huadian Capital adheres to the sense of responsibility of "always rest assured", does a good job in risk prevention and control, strictly abides by national laws and regulations and financial regulatory provisions, and actively adapts to the "long teeth and thorns" and angular supervision of finance. Adhere to the bottom-line thinking, enhance the sense of worry, strictly control investment risks, and strive to prevent and resolve financial risks, especially systemic risks. We will further improve the early correction mechanism for financial risks with hard constraints, promote risk identification and assessment, and strengthen the construction of professional and service-oriented risk control. Strengthen the use of regulatory technology and financial innovation risk assessment, explore the establishment of innovative product correction and suspension mechanisms, and promote the effective isolation of industry and finance risks. Increase the weight of risk assessment, consolidate the main responsibility, timely discover and eliminate hidden risks and management loopholes, build a solid security cornerstone, and promote the steady and long-term development of the enterprise.

Persist in promoting financial innovation and development on the track of marketization and rule of law, and stimulate the vitality of innovation and efficiency. As an innovative industry, finance must deeply grasp the law of financial development, achieve a clear direction of innovation, highlight the key points of support, and continue to promote practical innovation, theoretical innovation and institutional innovation in the financial industry. The Party Committee of Huadian Capital takes the operation of compliance with the law as the criterion, deepens the construction of the "Year of Strengthening Compliance Management", and takes the opportunity of promoting and implementing the integrated platform for internal control and compliance risks, adheres to the standardized management of the whole life cycle of contracts, and forms a good atmosphere for all employees to respect the law, abide by the law, and make good use of the law. At the same time, it is market-oriented, with the fundamental purpose of improving the ability and efficiency of financial services, and continuously optimizing financial products and financial services in market competition. The company has continuously enhanced its development vitality by improving the modern financial enterprise system, improving corporate governance, promoting the reform of financial institutions, and strengthening the construction of internal control and compliance risk system. Focus on innovation-driven development, give full play to the role of green finance research centers, strengthen industrial investment research, and promote the implementation of investment projects in new energy and strategic emerging industries. Focus on brand building, build the Huadian industry and finance brand around green finance, and build a green finance ecosystem covering upstream and downstream.

Persist in deepening the supply-side structural reform of the financial sector and improve the efficiency and effectiveness of the allocation of financial resources. To take the road of financial development with Chinese characteristics, we must adhere to the goal-oriented and problem-oriented, strengthen the system concept, grasp the relationship between short-term and long-term, overall and partial, continue to deepen the structural reform of the financial supply side, and accelerate the construction of a modern financial system with Chinese characteristics. In accordance with the unified deployment of the Group's Party Group, the Party Committee of Huadian Capital has solidly promoted a new round of deepening and upgrading of state-owned enterprise reform, highlighted the positioning of industrial finance, improved the governance structure and optimized the management and control model. We will continue to optimize the assessment and distribution mechanism, increase the intensity of risk management and control assessment, study medium and long-term salary incentive policies, and establish a more diversified and three-dimensional assessment and distribution system. Classified policies will be implemented to increase the promotion of equity optimization and adjustment, improve financing capabilities, and create a new management structure of Huadian Capital and Huadian Asset Management's dual-shareholding platform.

Adhere to the overall planning of financial openness and security, and improve the international service capabilities of financial institutions. The road of financial development with Chinese characteristics is a road of openness, and it is necessary to steadily expand the institutional opening of the financial sector on the premise of maintaining the bottom line of security, and ensure the country's financial and economic security while striving to promote high-level financial opening-up, so as to achieve a benign interaction between high-quality development and high-level security. Focusing on key projects such as China Huadian's overseas new energy, the Party Committee of Huadian Capital has taken the initiative to establish an international awareness, increased its research and judgment on the international situation, and actively provided financial support for its main business to explore the international market. China Huadian will do a good job in providing overseas asset insurance services, steadily carry out QDII (Qualified Domestic Institutional Investor) business, strengthen the prevention of foreign exchange risks in international project financing, and help China Huadian's clean energy business in green and low-carbon transformation. We will solidly promote the "going out" strategy, increase financial support for the Belt and Road Initiative, deepen domestic and international benchmarking management, and better serve the new system of open economy.

Adhere to the general tone of seeking progress while maintaining stability, and consolidate the development trend of stability and improvement. Since the 18th National Congress of the Communist Party of China, one of the valuable experiences of the mainland's financial undertakings has been to seek development on the premise of maintaining overall stability. On the way forward, we must grasp the dialectical unity relationship between "stability" and "progress", and correctly understand that the development of industrial finance is not only the fundamental requirement for finance to return to the source of service, but also the "regulator" for the steady operation and progress of central enterprises. The Party Committee of Huadian Capital firmly establishes the risk awareness of "non-development is the biggest risk, and chaotic development is the biggest hidden danger", takes risk prevention and control as the eternal theme of financial work, earnestly grasps the relationship between power and responsibility, speed and stability, coordinates development and security, and strives to respond to the uncertainty of changes in the situation with the certainty of its own work. In accordance with the requirements of China Huadian's strategic layout, establish the development concept of "service-oriented, stable and value-oriented", promote China Huadian to improve its industrial control, safety support and scientific and technological innovation, realize the preservation and appreciation of state-owned assets, and help high-quality economic development.

(The author is Secretary of the Party Committee and Chairman of China Huadian Group Capital Holding Co., Ltd.)