China pair power up two IPOs in wind sector

China’s two biggest power companies, China Huaneng Group and China Datang Corp, are going head-to-head in the Hong Kong market this week by both launching the IPOs of their wind power subsidiaries — a situation that surprised even the bookrunners when they first learned of it. The deals will be the third and fourth Hong Kong IPOs from the renewable energy sector so far this year, as China increasingly focuses on alternative energy.