solar

Seven cornerstone investors have pledged $512 million as Harbin Bank becomes the latest in a long line of mainland Chinese financial institutions to seek a Hong Kong listing.

Suzhou-based solar company capitalises on its spectacular share price performance to raise up to $265 million from combined equity and convertible bond offering.

After years of state-sponsored overspending, China's solar industry needs restructuring amid huge debts, poor margins and widespread bankruptcy.