2022:
2023:
2024:
| Expansion | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Loans | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Underwriting | 2022 | 2023 | 2024 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| China Datang Corporation LtdChina Datang Energy Investment Co Ltd, Datang Environment Industry Group Co Ltd, Datang Henan Power Generation Co Ltd, Datang Hulun Buir Energy Development 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 Yanan Power Generation Co Ltd, Datang Yuncheng Power Generation Co Ltd, Guangdong Datang International Leizhou Power Generation Co Ltd, Guangxi Guiguan Electric Power, Jiangsu Datang International Lvsigang Power Generation Co Ltd | Power, Mining | $110M | $187M | $107M | $110M | $187M | $107M | $404M | |||||||||||||||||
| China Energy Investment Corporation (CHN Energy)Beijing Guodian Power Co Ltd, China Energy Group Ningxia Coal Industry Co Ltd, China Shenhua Energy Co Ltd (CSEC), 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 Sichuan Power Generation Co Ltd, CHN Energy Xinjiang Energy Co Ltd, CHN Energy Xinjiang Shenhua 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 Changyuan Hanchuan Power Generation Co Ltd, Guoneng Changzhou Power Co Ltd, Guoneng Chenjiagang Power Generation 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 Jilin Thermal Power Co Ltd, Guoneng Minquan Thermal Power Co Ltd, Guoneng (Quanzhou) Thermal Power Co Ltd, Guoneng Shenhua Jiujiang 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 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, 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, Shenhua (Fujian) Energy Co Ltd, Shenhua Xinjie Energy Co Ltd, State Grid Energy Xinjiang Zhundong Coal Power Co Ltd, Yulin Shenhua Energy Co Ltd, China Longyuan Power Group Co Ltd (GCEL 2022, GCEL 2023) | Power, Mining | $15M | $130M | $106M | $15M | $130M | $106M | $251M | |||||||||||||||||
| Huaneng Power International INCHuaneng Anyuan 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 Yunnan Diandong Energy Co Ltd, Huaneng Yunnan Diandong Energy Co Ltd Mining Branch, Huaneng (Zhejiang) Energy Development Co Ltd | Power, Mining | $130M | $91M | $2M | $130M | $91M | $2M | $222M | |||||||||||||||||
| China Huaneng Group Co LtdChina Huaneng Group (Hong Kong) Treasury Management Holding Ltd, Huaneng Coal Co Ltd, Huaneng Gansu Energy Development Co Ltd, Huaneng Inner Mongolia East Energy Co, Huaneng International Power Development Corp, Huaneng Qingyang Coal Power Co Ltd, Huaneng Shandong Power Generation Ltd, Huaneng Xinjiang Energy Development Co Ltd, Inner Mongolia Beiliandian Energy Development Co Ltd, Inner Mongolia MengDian HuaNeng Thermal Power Co Ltd, Manzhouli Shennengyuandalaihu Thermal Power Co Ltd, North United Power Co Ltd, North Weijiamao Coal Power Co Ltd | Power, Mining | $62M | $20M | $33M | $62M | $20M | $33M | $115M | |||||||||||||||||
| Jinneng Group Co LtdDatong Coal Group Tie Feng Coal Industry Co Ltd, Jinneng Hold Coal Industry Group Co Ltd, Jinneng Holding Coal Group Co Ltd, Jinneng Holding Equipment Manufacturing Group Co Ltd, Jinneng Holding Power Group, Jinneng Holding Shanxi Coal Industry 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 Coal Transportation and Sales Group, Shanxi International Electricity Group Ltd Co, Top Energy Co Ltd Shanxi | Power, Mining | $79M | $30M | $79M | Not On GCELChange in Company Structure | $30M | $109M | ||||||||||||||||||
| State Grid Corporation of China (SGCC)State Grid Shanxi Electric Power Co, SGSP (Australia) Assets Pty Ltd (GCEL 2023) | Power | $87M | $18M | $87M | Not On GCELChange in Company Structure | $18M | $104M | ||||||||||||||||||
| Shaanxi Coal and Chemical Industry Group Co LtdChang'an Electric Power Huazhong Power Generation Co Ltd, Shaanxi Binchang Mining Group Co Ltd, Shaanxi Coal Chemical Group Fugu Energy Investment Co Ltd, Shaanxi Coal Chemical Group Xinyang Power Co Ltd, Shaanxi Coal Chenghe Mining Co Ltd, Shaanxi Coal Group Yulin Chemical Co, Shaanxi Coal Industry Co Ltd, Shaanxi Coal Power Group Co Ltd, Shaanxi Coal Power Shanggao Co Ltd, Shaanxi Shaanmei Huangling Mining Industry Co Ltd, Shaanxi Shanmei Hancheng Mining Industry Co Ltd | Power, Mining, Infrastructure | $21M | $67M | $21M | $67M | Not On GCELChange in Company Structure | $89M | ||||||||||||||||||
| China Southern Power Grid Co LtdChina Southern Power Grid International Finance (Bvi 2018) Co Ltd, Vinh Tan 1 Power Co Ltd | $40M | $5M | $15M | $40M | $5M | $15M | $60M | ||||||||||||||||||
| Datang International Power Generation Co LtdDatang Anhui Power Generation Co Ltd, Inner Mongolia Datang International Zhungeer Mining Co Ltd, Jiangsu Datang International Lvsigang Power Generation Co Ltd | Power, Mining | $24M | $32M | Not On GCELChange in Company Structure | $24M | $32M | $56M | ||||||||||||||||||
| Huadian Power International Co LtdHuadian Hubei Power Co Ltd, Huadian Longkou Power Co, Ningxia Huadian Yongli Power Co Ltd, Shantou Huadian Power Generation Co Ltd | Power, Mining | $6M | $29M | $18M | $6M | $29M | $18M | $54M | |||||||||||||||||
| Jiangxi Province Investment Group Co Ltd | Power | $5M | $21M | $20M | $5M | $21M | $20M | $46M | |||||||||||||||||
| 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, Gansu Wansheng Mining Co Ltd, Huadian Coal Industry Group Co Ltd, Huadian Energy Co Ltd (GCEL 2023, GCEL 2024), Huadian Financial Leasing Co Ltd, Huadian Gansu Energy Co Ltd, Huadian (Golmud) Energy Co Ltd, Huadian Jiangsu Energy Co Ltd, Huadian Kashgar Energy Co Ltd, Huadian Liaoning Energy Co Ltd, Huadian Shaanxi Energy Co, 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, Shenmu Longde Mining Co Ltd, Xinjiang Hami Yinggema Coal Power Investment Co Ltd, Xinjiang Huadian Tianshan Green Energy Co Ltd | Power, Mining | $13M | $24M | $8M | $13M | $24M | $8M | $45M | |||||||||||||||||
| Jiangsu Guoxin Investment Group LtdJiangsu Guoxin Binhaigang Power Generation Co Ltd, Jiangsu Guoxin Corp Ltd, Jiangsu Guoxin Shazhou Power Generation Co Ltd, Jiangsu Sheyanggang Power Gen Co Ltd | Power | $30M | $6M | $4M | $30M | $6M | $4M | $41M | |||||||||||||||||
| Xinjiang Tianye Co Ltd | $36M | $36M | Not On GCELChange in Company Structure | Not On GCELChange in Company Structure | $36M | ||||||||||||||||||||
| Shenergy (Group) Co LtdShenergy Co Ltd | Power | $30M | Not On GCELChange in Company Structure | Not On GCELChange in Company Structure | $30M | $30M | |||||||||||||||||||
| Xinjiang Zhongtai Chemical Co Ltd | Power, Mining | $<1M | $26M | $<1M | $26M | Not On GCELChange in Company Structure | $27M | ||||||||||||||||||
| Lu'an Chemical Group Co LtdLu'an Xinjiang Coal Chemical (Group) Co Ltd, Shanxi Lu'An Environmental Energy Development Co Ltd, Shanxi Lu'an Mining Industry (Group) Co Ltd | Mining | $26M | $26M | Not On GCELChange in Company Structure | Not On GCELChange in Company Structure | $26M | |||||||||||||||||||
| Yunnan Provincial Investment Holdings Group Co LtdYunnan Dongyuan Coal Industry Group Co Ltd, Yunnan Energy Investment Weixin Energy Co Ltd, Yunnan Province Energy Investment Group Co Ltd | Power, Mining | $19M | $3M | $<1M | $19M | $3M | $<1M | $23M | |||||||||||||||||
| Shaanxi Yanchang Petroleum (Group) Co LtdShaanxi 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 | Power, Mining | $14M | $8M | $<1M | $14M | $8M | $<1M | $22M | |||||||||||||||||
| Gansu Province Electric Power Investment Group Co Ltd (GEPIC)GEPIC Changle Power Generation Co Ltd, GEPIC Zhangye Power Generation Co Ltd | Power | $22M | Not On GCELChange in Company Structure | $22M | Not On GCELChange in Company Structure | $22M | |||||||||||||||||||
| Huayang New Material Technology Group Co LtdShanxi Huayang Group New Energy Co Ltd, Shanxi Shigang Coal Industry Company, Xinjiang Guotai Xinhua Wucaiwan Mining Industry Co Ltd, Yangquan Coal Industry Group Boli Coal Mine Co Ltd, Yangquan Coal Industry Group Qiyuan Coal Industry Co Ltd, Yangquan Nanzhuang Coal Group Co Ltd | Mining | $21M | $21M | Not On GCELChange in Company Structure | Not On GCELChange in Company Structure | $21M | |||||||||||||||||||
| Power Construction Corp of China / PowerChinaBangladesh Barisal Power Co Ltd, China Power Construction Panzhou Low Calorific Value Coal Power Generation Co Ltd, Dianjian International Finance Ltd, Port Qasim Electric Power Co, Power Construction Corp of China Ltd, SEPCO III Electric Power Construction Corp (GCEL 2022, GCEL 2023), SEPCO Virgin Ltd, Sinohydro Corporation (PowerChina International Group Ltd) | Power | $3M | $11M | $4M | $3M | $11M | $4M | $18M | |||||||||||||||||
| Pingdingshan Tianan Coal Mining Co LtdPingdingshan Tianan Coal Mining Co Ltd (GCEL 2023, GCEL 2024) | $17M | Not On GCELChange in Company Structure | $17M | Not On GCELChange in Company Structure | $17M | ||||||||||||||||||||
| Zhejiang Provincial Energy Group Co LtdJiaxing Power Generation Co Ltd, Zhejiang Energy Wuwei Energy Co Ltd, Zhejiang Zheneng Electric Power Co Ltd, Zhejiang Zheneng Shaoxing Binhai Thermal Power Co Ltd, Zhejiang Zheneng Taizhou No.2 Power Generation Co Ltd | Power | $5M | $7M | $4M | $5M | $7M | $4M | $15M | |||||||||||||||||
| SPIC Jilin Electric Power Co Ltd | $14M | Not On GCELChange in Company Structure | Not On GCELChange in Company Structure | $14M | $14M | ||||||||||||||||||||
| Xinjiang Energy (Group) Co LtdXinjiang Energy (Group) Hetian Energy Co Ltd | Power, Mining | $11M | $1M | $11M | Not On GCELChange in Company Structure | $1M | $13M | ||||||||||||||||||
| State Power Investment Corporation Ltd (SPIC)Dongfang Shengrun Shijiazhuang Thermal Power Co Ltd, Fuxin Power Generation Co Ltd, Inner Mongolia Xilingol Baiyinhua Coal and Power Co Ltd, SPIC Guizhou Jinyuan Group Co, SPIC Henan Electric Power Co Ltd, SPIC Industry-Finance Holdings Co Ltd, SPIC Jiangxi Electric Power Co Ltd, SPIC MTN Co Ltd, SPIC Northeast Electric Power Co Ltd, State Power Investment Group Chongqing Electric 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 Emin Co Ltd, Tongliao Power Investment and Generation Co Ltd, China Power International Development Ltd (GCEL 2022), CLP Ronghe Investment and Financial Leasing Co Ltd (GCEL 2022), Shanghai Electric Power Co Ltd (GCEL 2022, GCEL 2023), SPIC Mengdong Energy Group (GCEL 2022, GCEL 2023) | Power, Mining | $8M | $4M | $8M | $4M | Not On GCELChange in Company Structure | $12M | ||||||||||||||||||
| Huaihe Energy Holding Group Co LtdAnhui Huainan Luoneng Power Generation Co Ltd, Huaihe Energy (Group) Co Ltd, Huaihe Energy Power Group Co Ltd, Huainan Mining Industry Group, Inner Mongolia Yinhong Energy Development Co Ltd | Power, Mining | $10M | Not On GCELChange in Company Structure | $10M | Not On GCELChange in Company Structure | $10M | |||||||||||||||||||
| Guangxi Investment Group Co LtdGuangxi Energy Group Co Ltd, Guangxi Financial Investment Group Co Ltd, Guangxi Guidong Electric Power Co Ltd, Guangxi Investment Group Beihai Power Generation Co | Power | $2M | $8M | $2M | $8M | Not On GCELChange in Company Structure | $10M | ||||||||||||||||||
| Guangdong Energy Group Co LtdGuangdong Electric Power Development Co Ltd (GCEL 2022), Guangdong Energy Group Co Ltd (GCEL 2022), Guangdong Energy Group Guizhou Co Ltd, Guizhou Yueqian Power Co Ltd, Guangdong Yudean Dabu power Generation Co Ltd, Zhanjiang Power Co Ltd | Power | $7M | $7M | Not On GCELChange in Company Structure | Not On GCELChange in Company Structure | $7M | |||||||||||||||||||
| Shanghai Electric Power Co LtdHuaihu Power Co Ltd, Shanghai Waigaoqiao Power Generation Co Ltd, State Power Investment Group Jiangsu Power Co Ltd, Shanghai Electric Power Co Ltd (GCEL 2024) | Power | $6M | Not On GCELChange in Company Structure | Not On GCELChange in Company Structure | $6M | $6M | |||||||||||||||||||
| Hebei Province Construction & Investment Group Co LtdHebei Jianshe Renqiu Thermal Power Co Ltd, Hebei Xibaipo Power Generation Co Ltd, Jointo Energy Investment Co Ltd Hebei | Power | $3M | $2M | $3M | $2M | Not On GCELChange in Company Structure | $5M | ||||||||||||||||||
| Anhui Province Energy Group Co Ltd (Wenergy Group)Anhui Wenergy Co Ltd, Xinjiang Huadian Xiheishan Power Generation Co Ltd | Power | $1M | $4M | Not On GCELChange in Company Structure | $1M | $4M | $5M | ||||||||||||||||||
| Shandong Energy Group Co LtdLiaocheng Xiangguang Power Generation Co Ltd, Otog Front Banner Changcheng No.3 Mining Co Ltd, Otog Front Banner Great Wall Coal Mine Co Ltd, Pingliang Wuju Coal Industry Co Ltd, Shandong Energy Group Electric Power Group Co Ltd, Shandong Energy Group Lingtai Thermal Power Generation Co Ltd, Shandong Energy Linyi Mining Group Co Ltd, Shandong Energy Xinwen Mining Group Co Ltd, Shandong Energy Zaozhuang Mining Group Co Ltd, Shandong Energy Zibo Mining Group Co Ltd, Xinkuang Inner Mongolia Energy Co Ltd, Yankuang Group (Cayman) Ltd | Power, Mining | $5M | $5M | Not On GCELChange in Company Structure | Not On GCELChange in Company Structure | $5M | |||||||||||||||||||
| Henan Investment Group Co LtdHenan Yuneng Holdings Co Ltd | $1M | $3M | $1M | $3M | Not On GCELChange in Company Structure | $5M | |||||||||||||||||||
| Fujian Energy Group Co LtdFujian Funeng Co Ltd, Fujian Hongshan Thermal Power Co Ltd | Power | $<1M | $1M | $2M | $<1M | $1M | $2M | $4M | |||||||||||||||||
| Shenzhen Energy Group Co LtdShenneng Baoding Power Generation Co Ltd | Power | $3M | $3M | Not On GCELChange in Company Structure | Not On GCELChange in Company Structure | $3M | |||||||||||||||||||
| Jinneng Holding Shanxi Electric Power Co | Power | $3M | $3M | Not On GCELChange in Company Structure | Not On GCELChange in Company Structure | $3M | |||||||||||||||||||
| Shaanxi Yulin Energy Group Co LtdShaanxi Yulin Energy Group Hengshan Coal Power Co Ltd | Power, Mining | $<1M | $2M | $<1M | $2M | Not On GCELChange in Company Structure | $2M | ||||||||||||||||||
| State Development and Investment Corp (SDIC)Rongshi International Finance Ltd, SDIC Capital Co Ltd (GCEL 2022), SDIC Power Holdings Co Ltd, Tianjin SDIC Jinneng Electric Power Co Ltd, Xiamen Huaxia Power International Development Co Ltd, Essence International Financial Holdings Ltd | Power | $<1M | $<1M | $<1M | $<1M | $<1M | $<1M | $2M | |||||||||||||||||
| Shaanxi Investment Group Co LtdShaanxi Energy (Yan'an) Shengdilan Thermal Power Co Ltd, Shaanxi Qinlong Electric Power Co Ltd, Shaanxi Energy Investment Co Ltd | Power, Mining | $1M | $1M | Not On GCELChange in Company Structure | Not On GCELChange in Company Structure | $1M | |||||||||||||||||||
| Wanhua Chemical Group Co Ltd | $1M | Not On GCELChange in Company Structure | $1M | Not On GCELChange in Company Structure | $1M | ||||||||||||||||||||
| Aluminum Corporation of China Ltd | Power | $<1M | $<1M | $<1M | $<1M | Not On GCELChange in Company Structure | $<1M | ||||||||||||||||||
| Zhangzhou Jiulongjiang Group Co Ltd | $<1M | $<1M | Not On GCELChange in Company Structure | $<1M | $<1M | $<1M | |||||||||||||||||||
| Beijing Energy Holding Co LtdBeijing Haohua Energy Resource Co Ltd, Beijing Jingmei Group Co Ltd, Beijing Jingneng Power Co Ltd, Hangjinqi Western Energy Development Co Ltd, Hebei Zhuozhou Jingyuan Thermal Power Co Ltd, Jingneng Qinhuangdao Second Thermal Power Co Ltd, Jingneng (Xilingol) Mining Industry Co Ltd, Ningxia Hongdunzi Coal Industry Co Ltd | Power, Mining, Infrastructure | $<1M | Not On GCELChange in Company Structure | $<1M | Not On GCELChange in Company Structure | $<1M | |||||||||||||||||||
| TBEA (Tebian Electric Apparatus) Co LtdXinjiang TBEA Loulan New Energy Co Ltd, Xinjiang Tianchi Energy Sources Co Ltd | Power, Mining, Infrastructure | $<1M | Not On GCELChange in Company Structure | Not On GCELChange in Company Structure | $<1M | $<1M | |||||||||||||||||||
| Xuzhou Mining Group Co LtdJiangsu Xukuang Energy Co Ltd, Xilin Gol Suneng Baiyinhua Power Generation Co Ltd | Power | $<1M | Not On GCELChange in Company Structure | Not On GCELChange in Company Structure | $<1M | $<1M | |||||||||||||||||||
| Jiangsu Yueda Group Co Ltd | Power, Mining | $<1M | Not On GCELChange in Company Structure | Not On GCELChange in Company Structure | $<1M | $<1M | |||||||||||||||||||
| Guangdong Hengjian Investment Holding Co LtdGuangdong Electric Power Development Co Ltd (CEL 2023, GCEL 2024), Guangdong Energy Group Co Ltd (GCEL 2023, GCEL 2024), Guangdong Honghaiwan Power Generation Co Ltd, Guangdong Shaoguan Electricity Generation Co Ltd, Guangdong Yudean Jinghai POWER Generation Co Ltd, Guangdong Yuelong Power Generation Co Ltd, Zhanjiang Power Co Ltd | Power | $<1M | Not On GCELChange in Company Structure | Not On GCELChange in Company Structure | $<1M | $<1M |