Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Policy

China plans several major coal company M&As by 2020

January 08, 2018


Abstract : China is planning several major coal-group mergers and acquisitions (M&As) by 2020, the country's top economic planner said Friday.

煤炭

BEIJING, Jan. 5 (Xinhua) -- China is planning several major coal-group mergers and acquisitions (M&As) by 2020, the country's top economic planner said Friday.

The government will support M&As among coal firms of different scales, regions and ownerships and encourage market players to expand business from coal production to services, according to the guidelines released by the National Development and Reform Commission (NDRC) and 11 other government agencies.

Coal firms are also encouraged to conduct M&As with players in related sectors, including power, coal, chemicals and steel, to fully integrate their resources in the wider industrial chain.

The efforts aim to push the reduction of excess coal capacity, upgrade technology, improve resources allocation and production safety.

Chinese leading power generator China Guodian Corporation and coal miner Shenhua Group last November merged into energy conglomerate China Energy Corporation, making it the world's largest company in coal mining, thermal power, renewable energy and coal-to-liquid conversion.

By the end of last year, the number of coal mines in China dropped to about 7,000, from 10,800 in 2015, according to the NDRC.

Scan the QR code and push it to your mobile phone

Keyword: M&A China-coal

Most Read

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial