Invest In China's Nuclear Ambition

China General Nuclear Said to Pick Sponsors for $2 Billion IPO

China General Nuclear Power Group, the country’s biggest producer of nuclear energy, plans to appoint ABCI Securities Co., Bank of America Corp. and China International Capital Corp. as joint sponsors for an initial public offering in Hong Kong, people with knowledge of the matter said.

The company, based in Shenzhen, plans to file an application to the Hong Kong stock exchange in the next few months, the people said, asking not to be identified because the information is private. It may seek about $2 billion from the offering, they said.