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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $412M | $51M | $412M | $51M | Not On GCEL Change in Company Structure | $463M | |||||||||||||||||||||
| Shenzhen Energy Group Co LtdShenneng Baoding Power Generation Co Ltd (based on GCEL 2025) | power | $87M | $253M | $87M | $253M | Not On GCEL Change in Company Structure | $340M | |||||||||||||||||||||
| Shenergy (Group) Co LtdShenergy Co Ltd (based on GCEL 2025) | power | $105M | $47M | $105M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $47M | $152M | ||||||||||||||||||||
| Wanhua Chemical Group Co Ltd | power | $32M | $78M | $28M | $32M | $78M | $28M | $137M | ||||||||||||||||||||
| 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 | $127M | Not On GCEL Change in Company Structure | $127M | Not On GCEL Change in Company Structure | $127M | ||||||||||||||||||||||
| China Southern Power Grid Co LtdChina Southern Power Grid International Finance (Bvi 2018) Co Ltd (based on GCEL 2025) | $48M | $23M | $22M | $24M | $48M | $23M | $22M | $24M | $117M | |||||||||||||||||||
| Shandong Energy Group Co LtdCoal & Allied Industries Ltd, Gansu Huaneng Tianjun Energy Co Ltd, Hangjinqi Juneng Energy Co Ltd , HV Operations Pty Ltd, Inner Mongolia Bojintai Coal Co Ltd, Inner Mongolia Lumeng Energy Development Co Ltd, Liaocheng Xiangguang Power Generation Co Ltd, Linyi Mining Group Co Ltd, Moolarben Coal Mines Pty Ltd, Otog Front Banner Changcheng No.3 Mining Co Ltd, Otog Front Banner Great Wall Coal Mine Co Ltd, Shandong Energy Australia Pty Ltd, Shandong Energy Group Luxi Mining Co Ltd, Shandong Energy Group New Energy Group Co Ltd, Shandong Energy Group Xibei Mining Co Ltd, Shandong Energy Xinwen Mining Group Co Ltd, Shandong Energy Zaozhuang Mining Group Co Ltd, Shandong Energy Zibo Mining Group Co Ltd, Xinjiang Shanneng Chemical Co Ltd, Xinjiang Yankuang Qineng Coal Industry Co Ltd, Xinkuang Inner Mongolia Energy Co Ltd, Yancoal Australia Ltd, Yancoal International Resources Development Co Ltd, Yancoal Resources Pty Ltd, Yankuang Energy Group Co Ltd, Yankuang Group (Cayman) Ltd, Yankuang Xinjiang Energy Chemical Co Ltd (based on GCEL 2025) | power, mining, infrastructure | $32M | $80M | Not On GCEL Change in Company Structure | $32M | $80M | $111M | |||||||||||||||||||||
| 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 | $44M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $44M | $44M | |||||||||||||||||||||
| 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 | $37M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $37M | $37M | ||||||||||||||||||||||
| China Pingmei Shenma GroupPingdingshan Tianan Coal Mining Co Ltd (based on GCEL 2025) | power | $14M | $14M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $14M | $14M | $28M | ||||||||||||||||||||
| Aluminum Corporation of China (CHINALCO) | power | $14M | $7M | $14M | $7M | Not On GCEL Change in Company Structure | $21M | |||||||||||||||||||||
| China Petrochemical Corporation (Sinopec Group)China Petroleum & Chemical Corporation (Sinopec Corp), Sinopec Century Bright Capital Investment Ltd, Sinopec Great Wall Energy & Chemical Co Ltd, Sinopec Group Overseas Development Ltd, Sinopec Group Overseas Development (2012) Ltd, Sinopec Group Overseas Development (2013) Ltd, Sinopec Group Overseas Development (2014) Ltd, Sinopec Group Overseas Development (2015) Ltd, Sinopec Group Overseas Development (2016) Ltd, Sinopec Group Overseas Development (2017) Ltd, Sinopec Group Overseas Development (2018) Ltd, Sinopec Shanghai Petrochemical Co Ltd (based on GCEL 2025) | mining | $7M | $10M | $7M | Not On GCEL Change in Company Structure | $10M | $17M | |||||||||||||||||||||
| Shaanxi Yanchang Petroleum (Group) Co LtdShaanxi Yanchang Petroleum and Balasu Coal Industry Co Ltd, Shaanxi Yanchang Petroleum Fuxian Power Generation Co Ltd, Shaanxi Yanchang Petroleum Jingbian Coal Industry Co Ltd, Shaanxi Yanchang Petroleum Mining Co Ltd, Shaanxi Yanchang Petroleum Xihongdun Coal Industry Co Ltd, Shaanxi Yanchang Petroleum Yulin Kekegai Coal Industry Co Ltd (based on GCEL 2025) | power, mining | $14M | $14M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $14M | ||||||||||||||||||||||
| China Communications Construction Group Co LtdCIHC Pak Power Co Ltd (based on GCEL 2025) | power, infrastructure | $11M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $11M | $11M | |||||||||||||||||||||
| Lygend Resources & Technology Co LtdPT Halmahera Persada Lygend (based on GCEL 2024) | power | $7M | Not On GCEL Change in Company Structure | $7M | Not On GCEL Change in Company Structure | $7M | ||||||||||||||||||||||
| Zoucheng Urban Assets Holding Group Co LtdShandong Honghe Holdings Group Co Ltd (based on GCEL 2025) | mining | $5M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $5M | $5M | ||||||||||||||||||||||
| Guangdong Hengjian Investment Holding Co LtdGuangdong Electric Power Development Co Ltd, Guangdong Energy Group Co Ltd, Guangdong Energy Maoming Thermal Power Plant Co Ltd, Guangdong Honghaiwan Power Generation Co Ltd, Guangdong Shaoguan Electricity Generation Co Ltd, Guangdong Yudean Bohe Energy Co Ltd, Guangdong Yudean Jinghai POWER Generation Co Ltd, Guangdong Yuelong Power Generation Co Ltd, Zhanjiang Power Co Ltd (based on GCEL 2025) | power, infrastructure | $4M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $4M | $4M | ||||||||||||||||||||||
| Guangxi Investment Group Co LtdGuangxi Energy Group Co Ltd, Guangxi Financial Investment Group Co Ltd (based on GCEL 2025) | power | $3M | Not On GCEL Change in Company Structure | $3M | Not On GCEL Change in Company Structure | $3M | ||||||||||||||||||||||
| Shaanxi Non-ferrous Metals Holding Group Co Ltd (Shaanxi Youser Group) | $ | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $ | $ | ||||||||||||||||||||||
| State Grid Corporation of China (SGCC) | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure |