HONG KONG -- China Three Gorges Renewables (Group), a unit of the operator of the world's largest hydroelectric power plant, surged the maximum 44% allowed Thursday to cap the largest domestic initial public offering by a mainland company since January 2020.
The listing of CTG Renewables, which operates wind and solar plants on the mainland, capitalized on investor interest in China's drive to fulfill President Xi Jinping's pledge last year to achieve carbon neutrality by 2060.
