Shenzhen listing by renewables operator offers confidence boost

China Resources New Energy's stock soared nearly threefold on its Shenzhen debut, raising a massive 24.5 billion yuan in Asia's largest IPO this year. This strong performance,…

Shenzhen listing by renewables operator offers confidence boost

Shares more than doubled after the renewable-power producer raised 24.5 billion yuan, even as falling tariffs and grid constraints weigh on profit