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China Resources New Energy Nearly Triples in Shenzhen Debut After Asia’s Largest IPO of 2026

China Resources New Energy, a China Resources Power unit that develops and operates wind and solar projects, started trading in Shenzhen on July 2 after selling 2.11 billion shares at RMB10.11. The IPO could raise RMB24.5 billion with the greenshoe, and the stock reached RMB30.16 intraday after retail demand remained 683.4 times subscribed following a clawback.

Markets · a month ago

Asian shares slide after Apple lifts device prices and report suggests OpenAI may postpone listing

Technology-led indexes in Japan, South Korea, China and Hong Kong fell on June 26 after Apple’s move to raise iPad and MacBook prices highlighted rising memory costs, while a report that OpenAI could target a 2027 IPO pressured SoftBank and other AI-linked stocks.

Deals & Capital Markets · a month ago

China Resources New Energy prices Shenzhen deal at RMB10.11, with proceeds reaching $3.6 billion in largest China IPO in four years

The China Resources Power unit set its Shenzhen main-board offer at RMB10.11 a share, implying base proceeds of RMB21.3 billion and as much as RMB24.5 billion if the overallotment is exercised. Filings showed retail bids of about RMB6.4 trillion and a final public tranche of 930.7 million shares.

Deals & Capital Markets · 2 months ago

Oatly China executives weigh acquisition of Greater China unit, sources say

People familiar with the matter said executives running Oatly Group AB’s China operations are considering buying the company’s Greater China business, with discussions aimed at completing a deal as soon as this year, though no agreement is assured. Oatly has said it is evaluating options for the China business, including a potential separation. Greater China revenue fell 2.1% year over year to $29.3 million last quarter, driven by weaker foodservice sales.

Finance & Banking · 2 months ago

China securities regulator drafts fund-industry reform plan targeting long-term returns and lower fees

China’s securities regulator said it is preparing a reform plan for the fund management industry focused on improving long-term investor returns, reducing fees, and tightening oversight of market activity. It also outlined a three-year implementation plan for related guidance and said it will encourage private securities funds to adopt long-term, value-oriented investment approaches.