General Manager, Electricity Trading Confidential | Senior Leadership Appointment | China (Shanghai / Xiamen) About the Company Our client is a Fortune Global 500 state-owned enterprise and one of China's largest bulk commodity supply chain groups. The Group is a leading trader in aluminium, new energy materials, and energy commodities, with deep relationships across China's most electricity-intensive industrial sectors. As China's electricity market undergoes historic deregulation, the Group is establishing a new electricity trading business to serve its large industrial client base and participate directly in China's emerging competitive power markets. The Opportunity China's electricity market transformation is accelerating. Twenty-nine provincial spot markets are now operational, electricity market transactions reached 4.3 trillion kWh in the first eight months of 2025 alone, and a national unified electricity market is targeted for 2030. The convergence of the electricity and carbon markets is creating significant new commercial opportunities for companies that can bridge both. This is a pure greenfield mandate. The electricity trading business does not yet exist. The GM will build it: strategy, trading framework, risk management systems, team, and commercial proposition. The Group's existing industrial client relationships provide a strong foundation for market entry. Responsibilities Track, analyse, and interpret domestic power market policies, regulatory frameworks, and market trends. Deliver strategic market intelligence to support business decisions. Design and execute the Group's electricity trading strategy. Establish a trading management framework covering all relevant trading products and market mechanisms. Build forecasting, analysis, and model optimisation capabilities for electricity trading. Develop a trading decision and risk control framework that ensures performance targets are met and risk is managed within defined limits. Build and lead the electricity trading team. Coordinate internal and external resources. Drive business innovation and identify growth opportunities to establish a sustainable electricity trading business. Ideal Candidate Profile 12+ years of experience in electricity market operations, power trading, or energy risk management Direct, hands-on experience with China's electricity spot markets or power exchange platforms (Beijing Power Exchange, Guangzhou Power Exchange, or equivalent provincial exchanges) Quantitative skills: price forecasting, load modelling, hedging strategy, or risk management frameworks Demonstrated ability to build a team and a business from early stage Understanding of the connection between electricity markets and carbon markets is a strong advantage Knowledge of green electricity certificate (GEC) procurement and renewable energy market mechanisms Mandarin essential as working language What Is on Offer GM-level mandate to build China's next major industrial electricity trading business from the ground up Institutional backing and industrial client access from a Fortune Global 500 company Direct relevance to China's most significant energy market transformation in decades Location: Shanghai or Xiamen Competitive compensation commensurate with experience This is a confidential search. The client's identity will be disclosed to shortlisted candidates only. To express interest or refer a suitable candidate, please contact Spencer Ogden.