2022:
2023:
2024:
2025:
| Expansion | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Loans | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Underwriting | 2022 | 2023 | 2024 | 2025 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Huaneng Power International IncHuaneng Hunan Yueyang Power Generation Co Ltd, Huaneng International Power Jiangsu Energy Development Co Ltd, Huaneng Shandong Power Generation Ltd, Huaneng Shantou Haimen Power Generation Co Ltd, Huaneng Shanyin Power Generation Co Ltd, Huaneng Taicang Power Generation Co Ltd, Huaneng Yingkou Thermal Power Co Ltd, Huaneng Yunnan Diandong Energy Co Ltd, Huaneng Yunnan Diandong Energy Co Ltd Mining Branch, Huaneng (Zhejiang) Energy Development Co Ltd Yuhuan Branch (based on GCEL 2025) | power, mining | $641M | $414M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $641M | $414M | $1,056M | ||||||||||||||||||||
| China Huaneng Group Co LtdChina Huaneng Group (Hong Kong) Treasury Management Holding Ltd, Huaneng Capital Services Co Ltd, Huaneng Coal Co Ltd, Huaneng Gansu Energy Development Co Ltd, Huaneng Inner Mongolia East Energy Co, Huaneng International Power Development Corp, Huaneng Lancang River Hydropower Co Ltd , Huaneng Xinjiang Energy Development Co Ltd, Huaneng Xinjiang Zhundong Energy Development Co Ltd, Huaneng Yimin Coal-Electricity Co Ltd, Huaneng Yuwang II (Yunnan) Energy Co Ltd, Inner Mongolia Beiliandian Energy Development Co Ltd, Inner Mongolia Mengdian Huaneng Thermal Power Co Ltd, Manzhouli Dalaihu Thermal Power Co Ltd, North United Power Co Ltd, Zhalai Nuoer Coal Industry Co Ltd (based on GCEL 2025) | power, mining, infrastructure | $304M | $153M | $166M | $278M | $304M | $153M | $166M | $278M | $901M | ||||||||||||||||||
| Yunnan Provincial Investment Holdings Group Co LtdYunnan Coal Industry Group Co Ltd, Yunnan Energy Investment Weixin Energy Co Ltd, Yunnan Power Investment Co Ltd, Yunnan Province Energy Investment Group Co Ltd, Yunnan Xiaolongtan Mining Bureau Co Ltd (based on GCEL 2025) | power, mining | $362M | $148M | $71M | $30M | $362M | $148M | $71M | $30M | $611M | ||||||||||||||||||
| CHN ENERGY Investment Group Co LtdBeijing Guodian Power Co Ltd, China Energy Group Ningxia Coal Industry Co Ltd, China Longyuan Power Group Co Ltd, China Shenhua Coal to Liquid and Chemical Co Ltd, China Shenhua Energy Co Ltd (CSEC), CHN Energy Boxing Power Co Ltd, CHN Energy Changyuan Electric Power Co Ltd, CHN Energy Fujian Energy Co Ltd, CHN Energy Gansu Electric Power Co Ltd, CHN Energy Guoyuan Power Co Ltd, CHN Energy Hangjin Energy Co Ltd, CHN Energy Henan Power Co Ltd, CHN Energy Huabei Power Generation Co Ltd, CHN Energy Liaoning Electric Power Co Ltd, CHN Energy Ningxia Power Co Ltd, CHN Energy Shaanxi Power Co Ltd, CHN Energy Xinjiang Energy & Chemical Co Ltd , CHN Energy Xinjiang Hami Energy and Chemical Co Ltd, CHN Energy Xinjiang Mining Co Ltd, CHN Energy Yunnan Power Co Ltd, GD Power Development Co Ltd, Guodian Haerbin Thermoelectricity Co Ltd, Guoneng Baoding Power Generation Co Ltd, Guoneng Bozhou New Energy Co Ltd, Guoneng Changyuan Hanchuan Power Generation Co Ltd, Guoneng Changzhou Power Co Ltd, Guoneng Elion Energy Co Ltd, Guoneng Fuzhou Thermal Power Co Ltd, Guoneng Guangtou Beihai Power Generation Co Ltd, Guoneng Hebei Cangdong Power Co Ltd, Guoneng Jiangsu Jianbi Power Generation Co Ltd, Guoneng Jilin Longhua Thermoelectricity Co Ltd, Guoneng Minquan Thermal Power Co Ltd, Guoneng Qingyuan Power Generation Co Ltd, Guoneng (Quanzhou) Thermal Power Co Ltd, Guoneng Shanxi Hequ Power Generation Co Ltd, Guoneng Shendong Coal Group Co Ltd, Guoneng Shenfu (Shishi) Power Generation Co Ltd, Guoneng Shenhua Jiujiang Power Generation Co Ltd, Guoneng Shenwan Anqing Power Generation Co Ltd, Guoneng Shenwan Chizhou Power Generation Co Ltd, Guoneng Shenwan Energy Co Ltd, Guoneng Shouguang Power Generation Co Ltd, Guoneng Shuangliao Power Generation Co Ltd, Guoneng (Tianjin) Dagang Power Plant Co Ltd, Guoneng Tongling Power Generation Co Ltd, Guoneng Xinjiang Hongshaquan Energy Co Ltd, Guoneng Yuedian Taishan Power Generation Co Ltd, Guoneng Zhejiang Zhoushan Power Generation Co Ltd, Guoneng Zhongwei Thermal Power Co Ltd, Guoneng Zhunneng Group Co Ltd, Hebei Hengfeng Power Generation Co Ltd, Hero Asia Investment Ltd, Inner Mongolia Pingzhuang Coal Group Ltd, Inner Mongolia Pingzhuang Energy Co Ltd, Inner Mongolia Xilin Xilinhe Coal-Chemical Co Ltd, National Energy Group Hebei Electric Power Co Ltd, National Energy Group Heilongjiang Electric Power Co Ltd, National Energy Group Jiangsu Power Co Ltd, National Energy Group Shandong Power Co Ltd, Ningxia Younglight Chemicals Co Ltd, PT Shenhua Guohua Lion Power Indonesia, PT Shenhua Guohua Pembangkitan Jawa Bali, Shaanxi Yunfeng Mining Co Ltd, Shaanxi Yushen Energy Thermal Power Co Ltd, Shenhua (Fujian) Energy Co Ltd, Shenhua Shendong Electric Power Co Ltd, Shenhua Xinjie Energy Co Ltd, State Grid Energy Xinjiang Zhundong Coal Power Co Ltd (based on GCEL 2025) | power, mining, infrastructure | $77M | $69M | $101M | $77M | $69M | Not On GCEL Change in Company Structure | $101M | $248M | |||||||||||||||||||
| Huayang New Material Technology Group Co LtdShanxi Huayang Group New Energy Co Ltd, Yangquan Coal Industry Group Boli Coal Mine Co Ltd, Yangquan Coal Industry Group Qiyuan Coal Industry Co Ltd (based on GCEL 2025) | mining | $152M | $16M | $30M | $18M | $152M | $16M | $30M | $18M | $215M | ||||||||||||||||||
| Jinneng Group Co LtdDatong Coal Group Tie Feng Coal Industry Co Ltd, Jinneng Hold Coal Industry Group Co Ltd, Jinneng Holding Coal Mine Group Dimei Datong Co Ltd, Jinneng Holding Coal Mine Group Xuangang Coal Power Co Ltd, Jinneng Holding Equipment Manufacturing Group Co Ltd, Jinneng Holding Power Group, Jinneng Holding Shanxi Coal Industry Co Ltd, Lu'an Xinjiang Coal Chemical (Group) Co Ltd, Otog Front Banner Hengyuan Investment Industrial Co Ltd, Qinshui Xinhai Energy Co Ltd, Shanxi Coal Transportation and Sale Group Dongda Energy Co Ltd, Shanxi International Electricity Group Co Ltd, Shanxi Jincheng Xingtang Coal Industry Co, Tongmei Datang Tashan Coal Mine Co Ltd, Top Energy Co Ltd Shanxi, Xinjiang Lu'an Energy and Chemical Co Ltd, Yangquan Nanzhuang Coal Group Co Ltd (based on GCEL 2025) | power, mining | $44M | $60M | $57M | Not On GCEL Change in Company Structure | $44M | $60M | $57M | $161M | |||||||||||||||||||
| China Southern Power Grid Co LtdChina Southern Power Grid International Finance (Bvi 2018) Co Ltd (based on GCEL 2025) | $71M | $41M | $38M | $71M | Not On GCEL Change in Company Structure | $41M | $38M | $150M | ||||||||||||||||||||
| Huadian Power International Co LtdAnhui Huadian Wuhu Power Generation Co Ltd, Hebei Huarui Energy Group Co Ltd, Huadian Hubei Power Co Ltd, Huadian Qudong Power Generation Co Ltd, Huadian Zibo Thermopower Generation Co Ltd, Jiangsu Huadian Energy Company Ltd, Shantou Huadian Power Generation Co Ltd (based on GCEL 2025) | power, mining | $52M | $69M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $52M | $69M | $121M | ||||||||||||||||||||
| State Power Investment Corporation Ltd (SPIC)China Power Hub Generation Co Pvt Ltd, China Power International Development Ltd, Dongfang Shengrun Shijiazhuang Thermal Power Co Ltd, Fuxin Power Generation Co Ltd, Guodian Investment (Jieyang) Qianzhan Power Generation Co Ltd, Huaihu Power Co Ltd, Inner Mongolia Dian Tou Energy Co Ltd, Shanghai Caojing Second Power Generation Co Ltd, Shanghai Electric Power Co Ltd, Shanghai Waigaoqiao Power Generation Co Ltd, SPIC Guizhou Jinyuan Group Co Ltd, SPIC Hebei Power Electric Power Co Ltd, SPIC Henan Electric Power Co Ltd, SPIC Jiangxi Electric Power Co Ltd, SPIC Mengdong Energy Group Co Ltd, SPIC MTN Co Ltd, SPIC Northeast Electric Power Co Ltd, SPIC Preferred Company No 4 Ltd, SPIC Preferred Company No 5 Ltd , State Power Investment Group Chongqing Electric Power Co Ltd, State Power Investment Group Jiangsu Power Co Ltd, State Power Investment Group Sichuan Electric Power Co Ltd, State Power Investment Group Upper Yellow River Hydropower Development Co Ltd, State Power Investment Group Xinjiang Energy & Chemical Co Ltd (based on GCEL 2025) | power | $28M | $55M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $28M | $55M | $83M | ||||||||||||||||||||
| Kailuan (Group) Ltd Liability Corp | mining | $14M | $21M | $24M | $14M | $21M | Not On GCEL Change in Company Structure | $24M | $60M | |||||||||||||||||||
| Jizhong Energy Group Co LtdBaicheng County Fengfeng Coal Coking Co Ltd, Baicheng County Fengfeng Investment Co Ltd, JiZhong Energy FengFeng Group Co Ltd, Jizhong Energy Handan Mining Group Co Ltd, Jizhong Energy Xingtai Mining Industry Group Co Ltd (based on GCEL 2025) | mining | $28M | $27M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $28M | $27M | $55M | ||||||||||||||||||||
| Zoucheng Urban Assets Holding Group Co LtdShandong Honghe Holdings Group Co Ltd (based on GCEL 2025) | mining | $50M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $50M | $50M | |||||||||||||||||||||
| Guangzhou Industry Investment Holding Group Co LtdGdd Financial Holding, Guangzhou Development Group Inc, Guangzhou Development Power Group Co Ltd, Guangzhou Pearl River Power Co Ltd (based on GCEL 2025) | power | $35M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $35M | $35M | |||||||||||||||||||||
| Pingdingshan Tianan Coal Mining Co Ltd | $29M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $29M | $29M | ||||||||||||||||||||||
| Shenergy (Group) Co LtdShenergy Co Ltd (based on GCEL 2025) | power | $27M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $27M | $27M | ||||||||||||||||||||||
| Lu'an Chemical Group Co LtdShanxi Lu'An Environmental Energy Development Co Ltd, Shanxi Lu'an Mining Industry (Group) Co Ltd (based on GCEL 2025) | mining | $22M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $22M | $22M | |||||||||||||||||||||
| Guangxi Investment Group Co LtdGuangxi Energy Group Co Ltd, Guangxi Financial Investment Group Co Ltd (based on GCEL 2025) | power | $3M | $2M | $15M | Not On GCEL Change in Company Structure | $3M | $2M | $15M | $20M | |||||||||||||||||||
| Guizhou Energy Group Co LtdGuizhou Energy Shuicheng Coal Electrification Integration Co Ltd, Guizhou Hualong Coal Co Ltd, Guizhou Tianrun Mining Co Ltd, Liupanshui Huale Coal Industry Co Ltd, Liuzhi Industrial and Mining (Group) Co Ltd (based on GCEL 2025) | power, mining | $18M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $18M | $18M | ||||||||||||||||||||||
| SPIC Jilin Electric Power Co LtdSPIC Jilin Electric Power Co Ltd Baicheng Power Generation Co (based on GCEL 2025) | power | $15M | Not On GCEL Change in Company Structure | $15M | Not On GCEL Change in Company Structure | $15M | ||||||||||||||||||||||
| Aluminum Corporation of China (CHINALCO) | power | $15M | $15M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $15M | ||||||||||||||||||||||
| Shanxi Lanhua Sci-Tech Venture Co LtdShanxi Lanhua Qinyu Coal Mine Co Ltd (based on GCEL 2025) | mining | $11M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $11M | $11M |