HPI gets approval for A-share listing

Huaneng Power International (HPI) has confirmed that it has received approval for an A-share listing after its merger with Shandong Huaneng Power (SHP) is completed. HPI told analysts at a briefing on Monday that the government in Beijing and the China Securities Regulatory Commission had assented to the share sale once the merger formalities are completed by the end of the year. That means the company would be looking to list on the Shanghai Stock Exchange in the first quarter of 2001.