The CSRC recently disclosed that it has received the approval of overseas initial public offering shares (including common shares, preferred shares and other derivative forms of shares) of China Chuangchuang Xinhang Technology Co., Ltd. [CSRC plans to list power battery capacity in Hong Kong to reach 500GWh in 2025]. Liu Jingyu, chairman of Sinovel, has also said that AVIC has completed its shareholding transformation and plans to land in the capital market.