On September 28, HUANENG POWER rose 5.08% in regular trading, trading at HKD 5.9/share, with turnover of approximately HKD 95.55 million. The rally came as the market continued to digest key regulatory milestones for the company's infrastructure REIT spin-off listing.

HUANENG POWER recently announced that its proposed spin-off of the Great Wall Huaneng Coal-Fired Power Closed-End Infrastructure REIT received dual regulatory approvals. The China Securities Regulatory Commission approved the fund registration on September 20, followed by the Shanghai Stock Exchange issuing a no-objection letter on September 21. The REIT will have a 27-year term with an approved offering size of 1 billion units, and the fundraising is set to commence within six months with a maximum issuance period of three months. This milestone marks a substantial breakthrough in asset securitization and capital structure optimization for the company.

The broader Independent Power Producers sector also showed strength, with CGN POWER up 4.25%, HUADIAN POWER up 3.4%, CHINA RES POWER up 3.26%, DATANG POWER up 2.57%, and CHINA POWER up 1.51%, though HUANENG POWER notably outperformed its peers.

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