What does the State Grid do?

Main responsibilities: implement national laws, regulations and industrial policies, and operate independently according to law under the guidance of market demand under national macro-control and industry supervision.

Exercise the investor's rights to the relevant state-owned assets of relevant enterprises, operate, manage and supervise the state-owned assets funded by the state and owned by State Grid Corporation of China in relevant enterprises according to law, and bear the corresponding responsibility of maintaining and increasing the value.

According to the long-term development plan of the national economy, the national industrial policy, the development plan of the electric power industry and the market demand, formulate and organize the implementation of the development strategy, long-term development plan, annual plan and major production and operation decisions of State Grid Corporation. Entrusted by the relevant state departments, assist in formulating the national power grid development plan and make suggestions on the national power industry development plan. Participate in trans-regional power transmission and transformation projects related to investment, construction and operation, and be responsible for the construction and management of the Three Gorges power transmission and transformation project in the near future.

Be responsible for the power trading and dispatching between regional power grids, and deal with the inter-network coordination problems in the daily production of regional power grid companies to achieve safe, high-quality and efficient operation.

According to national laws, regulations and relevant policies, optimize the allocation of production factors, organize and implement major investment activities, and be responsible for the input-output effect. Accelerate technological innovation and scientific and technological progress, enhance the competitiveness of enterprises, and promote the sustained, rapid and healthy development of the power industry.

Deepen enterprise reform, speed up structural adjustment, change enterprise management mechanism, strengthen internal management, do a good job in enterprise restructuring, streamlining institutions, diverting surplus personnel and re-employment, and maintain enterprise and social stability.

Guide and strengthen the ideological and political work and spiritual civilization construction of relevant enterprises of State Grid Corporation, uniformly manage intangible assets such as the name, trademark and goodwill of State Grid Corporation, and do a good job in the construction of corporate culture of State Grid Corporation.

Undertake other tasks entrusted by the State Council and relevant departments. Main business: operating all state-owned assets owned by state investment, State Grid Corporation and related enterprises according to law.

Engaged in power purchase and sale business, responsible for power trading and dispatching between regional power grids.

Participate in cross-regional power transmission and networking projects related to investment, construction and operation.

According to the relevant provisions of the state, with the approval of relevant departments, engage in domestic and foreign investment and financing business.

With the approval of the state, independently carry out foreign trade circulation management, international cooperation, foreign project contracting and foreign labor service cooperation.

Engaged in scientific research, technology development, information exchange and consulting services related to power supply.

Engage in other businesses approved or permitted by the state. Main authority: Under the premise of ensuring the legitimate rights and interests of relevant enterprises and their own development needs, the company can concentrate part of the proceeds from state-owned assets for reinvestment and structural adjustment of state-owned capital in accordance with the Company Law and other relevant regulations.

In accordance with the relevant laws and regulations of the state, independently decide the reorganization, transfer and lease of state-owned assets of wholly-owned subsidiaries and the acquisition and merger of foreign assets. Deciding or participating in the decision of holding or shareholding enterprises through legal procedures.

Enjoy the right to make investment decisions. According to the relevant provisions of the state, manage the investment projects of the company and related enterprises, and be responsible for organizing the implementation.

According to the relevant regulations of the state and approved by the competent department of the State Council, the company enjoys certain rights such as foreign affairs examination and approval, foreign trade circulation management, foreign investment and financing, foreign guarantee, foreign project contracting and foreign labor cooperation.

According to the relevant provisions of the state, independently decide the internal management system and institutional setup of the company. To decide on the operation mode, distribution mode and major production and operation decisions of relevant enterprises, as well as matters such as merger, division and dissolution according to law.

Appoint, remove and manage the leading members of wholly-owned enterprises of the company and the heads of departments of the company and headquarters in accordance with the cadre management authority and procedures; In accordance with legal procedures and the proportion of capital contribution, appoint or replace shareholder representatives to holding enterprises and shareholding enterprises, and recommend members of the board of directors and the board of supervisors.

Unified management of foreign-related work of the company and related enterprises. Company leaders' authority to go abroad for examination and approval shall be implemented in accordance with relevant state regulations.

Other powers granted by the State Council and relevant departments.