中国核电在上海挂牌交易

Less than two hours ago, China National Nuclear Corporation started to trade on the Shanghai Stock Exchange. As a giant state-owned nuclear power producer, its listing received a lot of attention from the public.

The cnnC raised 13 billion yuan (US$2 billion) through IPO, attaining the biggest IPO in China's A-share market for five years.

"On the one hand, we could use the public capital to speed up our development. On the other hand, we will be a public company after the listing. It will get us more supervision from the public, and push us to create more value for society," said Chen Ye, general manager, cnnC.

According to cnnC's announcement, the raised capital will mainly be used on ongoing nuclear projects, as well as on upgrading nuclear equipment and technologies.

"Before cnnC's listing, the government was the sole investor in Chinese nuclear companies. As cnnC turns into a public company, the industrial chain can obtain strong capital support, and the value chain will be improved as well," said Zhang Chunxiao, researcher, Chinese Academy of Governance.

Zhang also said that the development of nuclear power will pave ways for other industries in China.

"Electricity is the basis for other industries. cnnC's listing could improve the whole power system's efficiency, and lower the costs. As a result, it will lower the operating costs in other industries, and increase the national economy's quality and profits," Zhang said.

After the market bell rang, cnnC's share value jumped more than 40 percent. Analysts projected that the first pressure point will be around 10 to 12 yuan per share, or 2.5 or 3 times of its offering price.