Core Viewpoint - The State Administration of Foreign Exchange (SAFE) Beijing Branch has imposed an administrative penalty on Guohua Energy Investment Co., Ltd., a significant subsidiary of the state-owned China Energy Group, for violating foreign exchange management regulations [1] Group 1: Penalty Details - Guohua Energy Investment Co., Ltd. was penalized for failing to comply with the procedural requirements related to foreign direct investment foreign exchange registration as outlined in the SAFE's notification [1] - The penalty includes a warning and a fine of 40,000 RMB, with the decision officially made on July 3, 2024, and the public disclosure period lasting until July 10, 2025 [1] Group 2: Company Background - Guohua Energy Investment Co., Ltd. was established in March 1998 with a registered capital of 1,259,327.061986 million RMB and is a key investment enterprise under China Energy Group [2] - The company is located in Dongzhimen South Street, Dongcheng District, Beijing, and is involved in various business areas, particularly in renewable energy investment and development [2] - China Energy Group is recognized as the largest coal producer and a major player in thermal power, wind power, and coal-to-oil chemical industries, ranking among the Fortune Global 500 [2]
国华能源投资有限公司因违反外汇管理规定被罚4万元