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charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Renewables giant jumps in debut after biggest 2021 China IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRenewables giant jumps in debut after biggest 2021 China IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 13:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/renewables-giant-jumps-in-debut-after-biggest-2021-china-ipo><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (BLOOMBERG) - China Three Gorges Renewables Group surged 44 per cent, the daily limit, in its trading debut as investors sought to gain from the country's push toward cleaner energy.\nThe ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/renewables-giant-jumps-in-debut-after-biggest-2021-china-ipo\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"600905":"三峡能源"},"source_url":"http://www.straitstimes.com/business/companies-markets/renewables-giant-jumps-in-debut-after-biggest-2021-china-ipo","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142499782","content_text":"SINGAPORE (BLOOMBERG) - China Three Gorges Renewables Group surged 44 per cent, the daily limit, in its trading debut as investors sought to gain from the country's push toward cleaner energy.\nThe unit of China Three Gorges Corp saw its shares climb to as high as 3.82 yuan apiece on the Shanghai stock exchange in early trading on Thursday (June 10), from its initial public offering (IPO) price of 2.65 yuan.\nThe company's listing, the year's biggest in China, has been eagerly awaited. It raised 22.7 billion yuan (S$4.7 billion) in a May offering that was 78 times oversubscribed. China Three Gorges said proceeds from the offering would be used to help fund offshore wind power projects and replenish liquidity.\nThe parent is the world's largest hydropower company, and its renewables unit's total assets are valued at more than 140 billion yuan, according to the company website.\nThe listing comes amid a concerted push for renewable energy in Asia's largest economy. China's aim to reach peak carbon emissions by 2030 and carbon neutrality by 2060 has fueled a surge in installations of wind and solar capacity. Still, challenges in the wind sector include rising domestic competition and the lapsing of subsides that have helped accelerate the industry's growth.\n\"The open reflects the investor appetite that we are seeing for new energy stocks such as hydropower and wind power, which have a very positive outlook,\" Emperor Securities research director Stanley Chan said by phone. \"ESG, social and environment stocks will be the main trend for the next decade.\"\nChina Three Gorges Renewables joins a spate of other energy companies going public recently. Among them was Shanghai Electric Wind Power Group's 2.9 billion yuan offering last month. The stock is now trading 68 per cent above its IPO price.\nChina Three Gorges announced this week that it had completed the construction of China's first floating offshore wind project. While wind installations doubled to a record in 2020, the focus has been on onshore projects.\nPrior to trading, S&P Global Ratings said that the China Three Gorges Renewables listing supported a \"stable outlook\" on the company and that it is credit positive.","news_type":1},"isVote":1,"tweetType":1,"viewCount":233,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/183393064"}