March 13, 2013, Xinchen China Power Holdings Limited successfully launched its initial public offering (IPO) for a Hong Kong Stock Exchange main board listing under the stock code of 01148. The company offered 313.4 million shares oversubscribed 19 times, raising CNY 700 million in total.

Power Xinchen is one of the leading automotive engine manufacturers in the independent branded segment of the PRC passenger vehicle, and light commercial vehicle, engine market. Xinchen develops, manufactures and sells light-duty gasoline and diesel engines used by various domestic and international passenger vehicle and light commercial vehicle manufacturers as well.

Jingtian & Gongcheng acted as the issuer's lawyer.