Xinjiang Goldwind Science & Technology Co, the world's fifth largest wind power equipment maker, said on Monday that it has received approval from China Securities Regulatory Commission to make an initial public offering in Hong Kong.
Chinese equities plunged on Monday in what analysts described was panic selling as investors dumped shares in the domestic A-share market.
Hong Kong stocks closed down 430.23 points, or 2.14 percent, at 19,715.20 on Monday.
China's stock index futures closed lower Monday with the contract for May, the most actively traded, down 4.97 percent to end at 2,719 points from the previous trading day.
The ChiNext stock market was down Monday as only one of the 79 stocks at China's start-up board for small and medium-sized enterprises were up.
China's stocks plunged, driving the benchmark index to the biggest loss since August, on concern government steps to cool the property market and European austerity measures will hurt economic growth.
Alibaba.com, China's largest e-commerce company, hopes to return to China's domestic A-share market by listing on the planned international board, the Securities Times reported on Monday, quoting the company's chief executive.
China's stock market decline shouldn't be blamed on index futures, China Securities Journal cited Wang Lianzhou, former deputy director of National People's Congress' financial and economic committee, as saying.
Chinese wind power producer Xinjiang Goldwind Science & Technology Co aid on Monday that China's stock regulator had approved an offering of up to 454.59 million overseas shares, as it prepares for a Hong Kong IPO that could raise up to $1.5 billion.
SHANGHAI - China's benchmark stock index fell, paring a weekly gain, on concern government tightening measures including possibly a property tax and European nations' debt cutting will hurt global economic growth.