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 Huadian Corporation LtdChina Huadian Capital Holdings Co Ltd, China Huadian Finance Co Ltd, China Huadian Hong Kong Co Ltd, China Huadian Overseas Asset Management Co Ltd, China Huadian Overseas Development Management Co Ltd, China Huadian Overseas Development 2018 Ltd, Fujian Huadian Furui Energy Development Co Ltd, Fujian Huadian Kemen Power Generation Co Ltd, Huadian Coal Industry Group Co Ltd, Huadian Energy Co Ltd, Huadian Financial Leasing Co Ltd, Huadian Gansu Energy Co Ltd, Huadian (Golmud) Energy Co Ltd, Huadian Kashgar Energy Co Ltd, Huadian Liaoning Energy Co Ltd, Huadian Xinjiang Power Co Ltd, Huadian Yunnan Power Generation Corp, Inner Mongolia Mengtai Buliangou Co Ltd, PT Huadian Bukit Asam Power, Shanxi Jinxing Energy Co Ltd, Xinjiang Changji Yinggema Coal Power Investment Co Ltd, Xinjiang Hami Yinggema Coal Power Investment Co Ltd (based on GCEL 2025) | power, mining | $199M | $293M | $456M | $199M | $293M | $456M | $948M | ||||||||||||||||||||
| Shaanxi Coal and Chemical Industry Group Co LtdChang'an Electric Power Huazhong Power Generation Co Ltd, Huangling Mining Group Co Ltd, Shaanxi Binchang Mining Group Co Ltd, Shaanxi Coal Chemical Group Xinyang Power Co Ltd, Shaanxi Coal Chenghe Mining Co Ltd, Shaanxi Coal Group Yulin Chemical Co Ltd, Shaanxi Coal Industry Co Ltd, Shaanxi Coal Power Group Co Ltd, Shaanxi Coal Power Shanggao Co Ltd, Shaanxi Coal Power Shimen Co Ltd, Shaanxi Shanmei Hancheng Mining Industry Co Ltd, Shenmu Hongliulin Mining Co Ltd, Xinjiang Zhongxinjian Coal Industry Co Ltd (based on GCEL 2025) | power, mining, infrastructure | $22M | $147M | $385M | $22M | $147M | $385M | $553M | ||||||||||||||||||||
| 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 | $270M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $270M | $270M | ||||||||||||||||||||||
| Shanxi Coking Coal Group Co LtdHuozhou Coal and Electricity Group Co Ltd, Huozhou Coal and Electricity Group Qin'an Coal and Electricity Co Ltd, Shanxi Coal Import & Export Group Co Ltd, Shanxi Coal International Energy Group Co Ltd, Shanxi Coal Transportation and Sales Group Lvliang Co, Shanxi Coal Transportation and Sales Group Xingong Coal Industry Co Ltd, Shanxi Coking Co Ltd, Shanxi Coking Coal Energy Group CoLtd, Shanxi Coking Coal Huozhou Tanping Coal Power Co Ltd, Shanxi Coking Coal Igood Equipment Remanufacturing shares Co Ltd, Shanxi Coking Group Co Ltd, Shanxi Fenxi Mining (Group) Co Ltd, Shanxi Fenxi Mining Group Zhengxin Coking Coal Co Ltd, Shanxi Fenxi Ruitai Energy Group Co Ltd, Shanxi Fenxi Zhongtai Coal Industry Co Ltd, Shanxi Jinmei Taigang Energy Co Ltd, Xishan Coal Electricity Group Co Ltd (based on GCEL 2025) | power, mining | $118M | $97M | $118M | Not On GCEL Change in Company Structure | $97M | $215M | |||||||||||||||||||||
| 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 | $22M | $108M | $22M | Not On GCEL Change in Company Structure | $108M | $130M | |||||||||||||||||||||
| 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 | $120M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $120M | $120M | ||||||||||||||||||||||
| Shanxi Lanhua Sci-Tech Venture Co LtdShanxi Lanhua Qinyu Coal Mine Co Ltd (based on GCEL 2025) | mining | $89M | Not On GCEL Change in Company Structure | $89M | Not On GCEL Change in Company Structure | $89M | ||||||||||||||||||||||
| 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 | $81M | $81M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $81M | ||||||||||||||||||||||
| 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 | $18M | $32M | $24M | $18M | $32M | $24M | $74M | ||||||||||||||||||||
| 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 | $71M | $71M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $71M | ||||||||||||||||||||||
| 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 | $19M | $50M | Not On GCEL Change in Company Structure | $19M | $50M | $69M | |||||||||||||||||||||
| Shaanxi Yulin Energy Group Co LtdShaanxi Yulin Energy Group Guojiatan Coal Mine Co Ltd (based on GCEL 2025) | power, mining | $8M | $21M | $21M | $8M | $21M | $21M | $51M | ||||||||||||||||||||
| China Energy Engineering Corporation LtdCEEC (Jixi) Energy Development Co Ltd (based on GCEL 2025) | power | $11M | $22M | $11M | $11M | $22M | $11M | $44M | ||||||||||||||||||||
| China Pingmei Shenma GroupPingdingshan Tianan Coal Mining Co Ltd (based on GCEL 2025) | power | $9M | $3M | $29M | $9M | $3M | $29M | $41M | ||||||||||||||||||||
| Shenzhen Energy Group Co LtdShenneng Baoding Power Generation Co Ltd (based on GCEL 2025) | power | $39M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $39M | $39M | ||||||||||||||||||||||
| 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 | $11M | $15M | $11M | $15M | Not On GCEL Change in Company Structure | $27M | |||||||||||||||||||||
| Zoucheng Urban Assets Holding Group Co LtdShandong Honghe Holdings Group Co Ltd (based on GCEL 2025) | mining | $21M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $21M | $21M | ||||||||||||||||||||||
| Xinxing Cathay International GroupXinxing Cathay International Group (based on GCEL 2024) | $20M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $20M | $20M | |||||||||||||||||||||||
| Power Construction Corp of China / PowerChinaBangladesh Barisal Power Co Ltd, China Power Construction Panzhou Low Calorific Value Coal Power Generation Co Ltd, Power Construction Corp of China Ltd, PowerChina Group Overseas Investment Co Ltd, PowerChina International Finance Co Ltd, SEPCO Virgin Ltd (based on GCEL 2025) | power | $16M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $16M | $16M | ||||||||||||||||||||||
| China National Machinery Industry Corp (Sinomach) | power | $14M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $14M | $14M | ||||||||||||||||||||||
| Guangxi Investment Group Co LtdGuangxi Energy Group Co Ltd, Guangxi Financial Investment Group Co Ltd (based on GCEL 2025) | power | $10M | Not On GCEL Change in Company Structure | $10M | Not On GCEL Change in Company Structure | $10M | ||||||||||||||||||||||
| Hubei Yihua Chemical Industry Co Ltd | $9M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $9M | $9M | |||||||||||||||||||||||
| Aluminum Corporation of China (CHINALCO) | power | $8M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $8M | $8M | ||||||||||||||||||||||
| China Datang Corporation LtdChina Datang Energy Investment Co Ltd, China Datang Group Capital Holding Co Ltd, China Datang Overseas Investment Co Ltd, Datang Anhui Power Generation Co Ltd, Datang Environment Industry Group Co Ltd, Datang Fuzhou Second Power Generation Co Ltd, Datang Heilongjiang Power Generation Co Ltd, Datang Henan Power Generation Co Ltd, Datang Hulun Buir Energy Development Co Ltd, Datang International Power Generation Co Ltd, Datang Jiangsu Power Generation Co Ltd, Datang Jilin Power Generation Co Ltd, Datang Shaanxi Fugu Coal Power Co Ltd, Datang Shaanxi Power Generation Co Ltd, Datang Shandong Power Generation Co Ltd, Datang Yan'an Power Generation Co Ltd, Datang Yuncheng Power Generation Co Ltd, Guangdong Datang International Chaozhou Power Generation Co Ltd, Guangdong Datang International Leizhou Power Generation Co Ltd, Guangxi Guiguan Electric Power, Inner Mongolia Datang International Tuoketuo Power Generation Co Ltd, Inner Mongolia Datang International Zhungeer Mining Co Ltd, Jiangsu Datang International Lvsigang Power Generation Co Ltd (based on GCEL 2025) | power, mining | $8M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $8M | $8M | |||||||||||||||||||||
| State Development & Investment Corp LtdRongshi International Finance Ltd, SDIC Meizhouwan Port Co Ltd, SDIC Power Holdings Co Ltd, Tianjin SDIC Jinneng Electric Power Co Ltd, Xiamen Huaxia Power International Development Co Ltd (based on GCEL 2025) | power | $7M | $7M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $7M | ||||||||||||||||||||||
| 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 | $6M | $6M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $6M | ||||||||||||||||||||||
| Shaanxi Investment Group Co LtdShaanxi Energy Investment Co Ltd, Shaanxi Energy Xiaohaotu Coal Power Co Ltd, Shaanxi Energy (Yan'an) Shengdilan Thermal Power Co Ltd, Shaanxi Energy Zhaoshipan Coal & Elec Co Ltd, Shaanxi Linbei Coal Development Co, Shaanxi Qinlong Electric Power Co Ltd (based on GCEL 2025) | power, mining | $6M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $6M | $6M | ||||||||||||||||||||||
| Jiangsu Guoxin Group LtdJiangsu Guoxin Binhaigang Power Generation Co Ltd, Jiangsu Guoxin Corp Ltd, Jiangsu Guoxin Shazhou Power Generation Co Ltd, Jiangsu Guoxin Yangzhou Power Generation LLCO, Jiangsu Sheyanggang Power Gen Co Ltd (based on GCEL 2025) | power | $4M | $ | $4M | $ | Not On GCEL Change in Company Structure | $5M | |||||||||||||||||||||
| Aluminum Corporation of China Limited (CHALCO)Chalco Hong Kong Investment Co Ltd, China Aluminum Ningxia Energy Group Co Ltd, Chinalco Capital Holdings Co Ltd (based on GCEL 2025) | power, mining | $2M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $2M | $2M |