November 24, 2006-- China Construction Bank （CCB） and China Guangdong Nuclear Power Holding Co., Ltd. (CGNPC) signed the Strategic Cooperation Agreement in Beijing in order to carry out the national policy of promoting the establishment of nuclear power stations, explore and expand new financing channels for nuclear power projects, and guarantee the sound implementation of new projects plans. This agreement signifies that the cooperation between the two parties has entered a new stage in terms of scope and methods. CCB” President Mr. Zhang Jianguo and CGNPC’s General Manager Mr. He Yu attended and addressed this signing ceremony. CCB’s Vice President Mr. Zhao Lin and CGNPC’s Chief Auditor Mr. Yue linkang signed the agreement on behalf of respective part. 

In light of the Agreement signed, CCB will draw upon its strength and resources in the field of finance to provide a full range of services and financial support to CGNPC in its future development. The two parties will build up a mutual-benefit strategic partnership to improve their brand image and competitiveness.

CCB was successfully listed on the main board of the Stock Exchange of Hong Kong Limited on 27 October 2005, the first public listing of China’s four largest state-owned commercial banks in the overseas market. And in 2005, CCB successfully introduced Bank of America and Temasek as its overseas strategic investors. After its IPO, CCB has made a series of reforms and innovations in corporate governance, layout of internal organizational structure, risk management, management and business process, development of products and services, and scored lots of achievements. CCB has become one of top domestic banks with competitiveness, capacity of marketing and promotion, risk management, quality services and profitability. And all efforts made by CCB have also received an extensive recognition from the market both overseas and domestic. CCB was named by The Banker magazine as the “Bank of the Year” in China in 2005. According to the awards of financial journal Asiaweek released in July of 2006, CCB was rated 7th among Top 300 Asian Banks, and rewarded as the highest net interest income and net profit, and the “most profitable bank in Asia”.

CGNPC is the only national enterprise which takes the nuclear power as its major business under the supervision of State-owned Assets Supervision and Administration Commission of the State Council. It was founded in September, 1994, with the registered capital of RMB 10.2 billion. “To become a clean energy group with the nuclear power as major business and to provide safe, environment-protection and economical power for the whole society” is the strategic orientation of the company. Since the foundation of CGNPC, the company has successfully accomplished the construction of Dayawan Nuclear Power Station. With the benefits brought by the station, new nuclear projects are invested. “Nuclear for nuclear, rolling development” -- a beneficial cycle mechanism is founded. The company develops a large commercial PWR (press water reactor) nuclear power technology – CPR1000, which takes the 1000MW nuclear generator unit, introduced from France, as a basis, combined with many other kinds of important technique improvement. The company brings up a professional nuclear engineer management, nuclear power station management, and technology research and development group. The nuclear power station management, engineering management, technology research and development and professional education systems have been geared to international standards. The nuclear power station management, maintenance, technology support, security supervision and quality control have met the advanced world levels. The financing, technology, professional and management are all according to the international standards. All these not only lay stable foundation to the improvement of the 1000MW commercial nuclear power station’s standardization and scale construction in China, but also lay a stable foundation to the nuclear power self-determination and national production. Up to October 31st, 2006, CGNPC has a total capital of RMB 60.1 billion. Net asset is about RMB 26.2 billion, which has increased 8 times compared to the net assets RMB 3.24 billion when it was founded. It successfully realizes the multiplication and preservation of the national assets.

According to the national policy of “promoting the construction of nuclear power station in a proactive way” and the goal of realization of the running of 4000MW nuclear generator units in nuclear power stations in 2020, CGNPC makes sure the 4000MW nuclear generator units of Dayawan Nuclear Power Station run safely. And at the same time the company is actively improving the construction of over 8000MW nuclear generator units in the second term of Aoling Nuclear Power Station, the first term of Liaoning Hongyanhe Nuclear Power Station, the first term of Yangjiang Nuclear Power Station and the first term Fujian Ningde Nuclear Power Station. The prophase of 1800MW wind fields in Da’an Jilin, Huitengliang Inner Mongolia, Sheyang Jiangsu are under going. The strategic cooperation agreement signed between CCB and CGNPC will be beneficial to the two parties to make a mutual development and receive a win-win goal.