Shenergy (SHA:600642) received approval from the Chinese securities regulator and the Shanghai Stock Exchange to register a closed-end infrastructure securities investment fund and trade asset-backed securities under the Dongfanghong Shenergy Energy No. 1 Asset-Backed Special Plan, according to a Shanghai bourse filing on Friday.

The closed-end infrastructure securities investment fund has an offering size of 500 million units and a term of 15 years.

Orient Securities Asset Management will manage the fund, while Industrial and Commercial Bank of China (SHA:601398, HKG:1398) will serve as the fund custodian.