China Longyuan Group IPO		US$2.26bn
Synopsis China Longyuan Power launches IPO on the HKSE
Firm	Client	Role
Jiayuan	Issuer	PRC counsel
Clifford Chance	Issuer	US and Hong Kong counsel
Jingtian & Gongcheng	Underwriter	PRC counsel
Freshfields	Underwriter	US and Hong Kong counsel

Jiayuan and Clifford Chance are representing Asia’s largest wind power generator China Longyuan Power Group in its US$2.26bn IPO on the HKSE. Underwriter Morgan Stanley, meanwhile, is receiving advice from Freshfields and Jingtian & Gongcheng.

The IPO is the world’s third largest offering by a renewable energy company and has attracted big funds as investors scramble to tap the Chinese renewable energy sector. On top of landing four cornerstone investors, Longyuan has also attracted the interest of sovereign fund China Investment Corporation, who has agreed to take US$400m of shares in the public offering.

China has already spent heavily on renewable energy projects and aims to have wind-generation capacity five times the current US wind power capacity by 2020.

Jiayuan and Jingtian & Gongcheng have recently advised on the China South Locomotive and Tontine Wines’ IPO respectively.

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