Business bites

CSG listing plans

China Southern Power Grid, the smaller of the two Chinese electricity transmission companies, is transforming itself into a joint stock company in preparation for an eventual public listing, President Yuan Maozhen said yesterday. "We will put all the assets of our core businesses into the shareholding company," Yuan said. The total assets of the company are currently valued at around 300 billion yuan. The firm has completed the plan of joint stock transformation, Yuan said. But he is not sure when and where the company would launch its initial public offering, as it is still awaiting government approval.

Exim bank new loans