Correction, 9/22/2026. An earlier version put Yihai Kerry Arawana's 2020 Shenzhen IPO at $1.9 billion. It raised 13.9 billion yuan, about $2 billion.
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Oil & Gas · Analysis
China's $3.6B Bet Meets Shell's Exit
China Resources New Energy is raising $3.6 billion in Shenzhen's largest IPO in four years while Shell prepares to sell its offshore wind farms for $1 billion. Two moves that tell opposite stories about the clean energy transition.
Original reporting and analysis by the Stake & Paper editorial team. See linked sources within the article.
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