According to CoinMeta, Huaneng Mengdian announced that the company had previously been approved to carry out a REITs type of refinancing business using the 2×600 megawatt thermal power units of Inner Mongolia Juda Power Generation Co., Ltd. as the underlying assets, with a registered amount of 1.874 billion yuan. The first issue of Huaneng Mengdian's asset-backed notes for the year 2026, issued by Bairui Trust Co., Ltd., was launched on November 12, 2026. The asset-backed note trust was established on November 13, 2026, and both the senior and junior asset-backed notes were fully subscribed. The senior notes amounted to 1.873 billion yuan with a rating of AAA SF and an investment return rate of 1.89%, while the junior notes amounted to 0.01 billion yuan and were subscribed by Huaneng Investment Management Co., Ltd.