Yuedian Aannounced on the evening of December 11 that the company plans to jointly establish Guangdong Yuedian Property Insurance Captive Co., Ltd. ("Yuedian Captive") with its controlling shareholder Yuedian Group. The registered capital is tentatively set at RMB 300 million, of which the company will contribute RMB 147 million for a 49% equity stake.

The company stated that power generation is a capital-intensive, technology-intensive and risk-intensive business with an urgent need for risk management. The company's participation in establishing Guangdong Yuedian Property Insurance Captive Co., Ltd. will, on the one hand, help enhance the company's overall risk management through the integration of industry and finance; on the other hand, it will help leverage the economies of scale of the insurance business, optimise underwriting strategies and secure more reasonable and favourable insurance services.