Stock Investors Take Shine to JinkoSolar After Shanghai IPO Approved

What’s new: Shares of New York-listed JinkoSolar Holding Co. Ltd. have gone up since China’s securities regulator announced that it had agreed to the plan of the Chinese solar panel manufacturer’s major subsidiary for a listing on Shanghai’s STAR Market.

Following the China Securities Regulatory Commission’s announcement (link in Chinese) on Tuesday evening Beijing time, JinkoSolar Holding’s shares jumped 4.6% on the day in the U.S., before giving back 1.8% Wednesday to close at $43.30.