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<Research>HSBC Research Adds CGN POWER (01816.HK) TP to $2.9 w/ Rating Hold
HSBC Global Research issued a research report expecting China's total nuclear power capacity to reach 66 GW/ 110 GW by 2025/ 2030 each as part of climate goals, with 60 GW proj...
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<Research>HSBC Research Adds CGN POWER (01816.HK) TP to $2.9 w/ Rating Hold
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HSBC Global Research issued a research report expecting China's total nuclear power capacity to reach 66 GW/ 110 GW by 2025/ 2030 each as part of climate goals, with 60 GW projected for 2024, meaning that nuclear power could account for 7% of total energy supply by 2030, compared to 5% in 2024.

Since 2022, relevant authorities in China approved the construction of at least 10 new nuclear reactors annually, most of which are large-scale and based on local technologies. Small modular reactors (SMRs) are seen as a potential method for nuclear power expansion and technology export that is more suitable for distributed use in remote areas.

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Regarding stocks, the broker added its target price for CGN POWER (01816.HK)  -0.010 (-0.376%)    Short selling $77.09M; Ratio 28.227%   from $2.7 to $2.9, and kept its target price for DONGFANG ELEC (01072.HK)  -0.600 (-4.348%)    Short selling $9.10M; Ratio 10.451%   at $12.3, both rated at Hold.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-20 16:25.)

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