A-share market takes note of China’s nuclear ambition

China National Nuclear Power’s Shanghai initial public offering is set to be a blockbuster. At Rmb173.5 billion $27.2 billion, it will be bigger than Agricultural Bank of China’s record $19.2 billion IPO, but will also reveal information on China’s strictly controlled nuclear industry.

The announcement of the deal was carried on the website of the Ministry of Environmental Protection a rather evasive way of revealing information to the public, but not unusual for Chinese officials.

No details on the timing or size of the deal were given but the nuclear-power operator said it is in need of the money to fund the expansion and construction...