State-backed China Resources Power's unit to raise $3.6bn in record IPO

China Resources New Energy Holdings attracts strong demand for record IPO in Shenzhen

China Resources New Energy IPO reaches 24.5 billion yuan on Shenzhen, nearly doubling 2020's largest listing. Its 28,207 MW wind-solar footprint across 30 provinces cuts curtailment risk; signals Beijing's energy transition priority, reshaping infrastructure and ESG strategy.