Xinyi Energy and Xinyi Solar spin-off REIT filing accepted by Shenzhen Stock Exchange
Xinyi Energy and Xinyi Solar announced that the Shenzhen Stock Exchange accepted their application to spin off solar farm projects into a closed-end infrastructure securities investment fund, the Xinyi Energy New Energy Fund, expected to raise approximately RMB 1.62 billion. The fund manager, Shanghai Guotai Haitong Securities Asset Management, submitted the listing application on September 21, 2026, following a CSRC recommendation. The spin-off, if implemented, will constitute a potential spin-off under HKEX Practice Note 15.
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Xinyi Energy's Solar Farm Spin-Off IPO Application Accepted by Shenzhen Stock Exchange
Xinyi Energy and Xinyi Solar issued a joint announcement stating that their application to spin off solar farm projects for listing on the Shenzhen Stock Exchange has been formally accepted by the exchange. The spin-off involves the sale of target entities, which, if successful, will constitute a spin-off under Hong Kong Stock Exchange Practice Note 15. The companies will submit a formal spin-off application to the HKEX in due course. The sale is expected to allow Xinyi Energy to monetize the economic value of the target projects, which are solar farms operating under the feed-in tariff system, and generate recurring fee income from operational and management services provided by the service provider. The target projects include two large-scale ground-mounted centralized solar farms located in Wuhu and Lu'an cities in Anhui Province. The spin-off involves an independent listing of the Xinyi Energy New Energy Fund on the Shenzhen Stock Exchange. The fund, a closed-end investment fund, will hold all interests in the target entities, which own and operate the projects. It is expected to raise approximately 1.62 billion yuan through a public offering in China. Xinyi Energy plans to use the proceeds for real estate projects described in the draft prospectus.
Read sourceXinyi Energy may spin off and list a new energy fund on Shenzhen Stock Exchange
Xinyi Energy (03868.HK) and its controlling shareholder Xinyi Solar (00968.HK) jointly announced that, following a recommendation from the China Securities Regulatory Commission (CSRC) on August 26, 2026, the fund manager submitted a listing application to the CSRC and the Shenzhen Stock Exchange (SZSE) on September 21, 2026. The SZSE confirmed and accepted the application on September 24, 2026. If implemented, the sale of target entities and the listing in China would constitute a spin-off under Hong Kong Exchange Practice Note 15. The spin-off is intended to monetize the economic value of solar farm projects operating under the feed-in tariff system more quickly, and to generate recurring fee income for Xinyi Energy from operational and management services. Upon completion, Xinyi Energy will lose management control of the fund, and the target entities will cease to be its subsidiaries. The fund will provide regular distributions to Xinyi Energy under a fixed distribution policy. Proceeds from the spin-off will be used for new investment opportunities and general working capital, including the construction of real estate projects described in the draft prospectus.
Read sourceXinyi Energy and Xinyi Solar Announce REIT Filing Accepted by Shenzhen Stock Exchange
Xinyi Energy (03868) and Xinyi Solar (00968) jointly announced that on August 26, 2026, following a recommendation from the China Securities Regulatory Commission (CSRC), the fund manager submitted a listing application to the CSRC and the Shenzhen Stock Exchange (SZSE) on September 21, 2026. The SZSE confirmed and accepted the application on September 24, 2026. If implemented, the sale of target entities and the listing in China would constitute a potential spin-off under HKEX Practice Note 15. Shanghai Guotai Haitong Securities Asset Management Co., Ltd. has been appointed as the fund manager to establish the Xinyi Energy New Energy Fund, a closed-end infrastructure securities investment fund. The fund is expected to raise approximately RMB 1.62 billion through a public offering in China. Following the offering and listing, the target entities will cease to be subsidiaries of Xinyi Energy. The sale is intended to allow Xinyi Energy to monetize the economic value of solar farm projects operating under the feed-in tariff system and to generate recurring fee income from operational and management services provided by the service provider.
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Xinyi Energy's Solar PV REIT Filing Accepted by Shenzhen Stock Exchange
Xinyi Energy (03868) and Xinyi Solar (00968) jointly announced that on August 26, 2026, following a recommendation from the China Securities Regulatory Commission (CSRC), the fund manager submitted a listing application to the CSRC and the Shenzhen Stock Exchange (SZSE) on September 21, 2026. The SZSE confirmed and accepted the application on September 24, 2026. If implemented, the sale of target entities and the listing in China would constitute a potential spin-off under Hong Kong Listing Rules Practice Note 15. Shanghai Guotai Haitong Securities Asset Management has been appointed as the fund manager to establish the Xinyi Energy New Energy Fund, a closed-end infrastructure securities investment fund. The fund is expected to raise approximately RMB 1.62 billion through a public offering in China. Following the listing, the target entities will no longer be subsidiaries of Xinyi Energy. The sale is intended to monetize the economic value of solar farm projects operating under the feed-in tariff system and generate recurring fee income from operation and management services.
Xinyi Energy and Xinyi Solar Announce REIT Application Accepted by Shenzhen Stock Exchange
On September 27, Xinyi Energy (03868) and Xinyi Solar (00968) jointly announced that following a recommendation from the China Securities Regulatory Commission (CSRC) on August 26, 2026, the fund manager submitted a listing application to the CSRC and the Shenzhen Stock Exchange (SZSE) on September 21, 2026. The SZSE confirmed and accepted the application on September 24, 2026. If implemented, the sale of target entities and the listing in China would constitute a potential spin-off under HKEX Practice Note 15. Xinyi Energy and Xinyi Solar will submit the relevant application to the Hong Kong Stock Exchange in due course. For the potential spin-off, Shanghai Guotai Haitong Securities Asset Management New Energy Fund currently plans to raise approximately 1.62 billion yuan through a public offering of the fund in China. Upon completion of the public offering and listing, the target entities will cease to be subsidiaries of Xinyi Energy. The sale is expected to allow the Xinyi Energy group to monetize target projects operating under the feed-in tariff system within a shorter timeframe.
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