Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

China Ming Yang Climbs on $5 Billion in Government Backing

China Ming Yang Wind Power Group Ltd., a wind-turbine maker, rose the most in almost a week after the state-owned China Development Bank Corp. offered as much as $5 billion in financing.

Ming Yang rose 6.8 percent to $3.00 at the close in New York, the most since Oct. 12.

The financing will allow the company to approach international markets and assure bankability of their turbines, said Paul Clegg, an analyst at Mizuho Securities USA Inc. in New York, who has had a “buy” recommendation on the stock since June 30 and a price target of $5 a share since Aug. 16.

“These announcements help make a statement that ‘someone in the government likes us and we’re well positioned because of that and because we make quality turbines’,” he said.

China Ming Yang will use the funding to develop its domestic and international operations, including land-based and offshore wind turbines, supply chain integration and working capital management, the Zhongshan, China-based turbine company said today in a statement.

China Development Bank will provide loans and credit facilities worth as much as $5 billion through 2015.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.