What is the relationship between China Electronics Finance and State Grid?

The company is a wholly-owned subsidiary of the State Grid Corporation of China.

China Electric Power Finance Co., Ltd. is a non-bank financial institution supervised by the China Banking and Insurance Regulatory Commission. It was established in January 2000 with a registered capital of 28 billion yuan. State Grid Corporation of China holds 51% of the shares. Wangying Group holds 49% of the shares.

China Electronics Finance mainly provides fund settlement, deposits, loans, bills and other services to members of State Grid Corporation of China and service recipients approved by the China Banking and Insurance Regulatory Commission.

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