Chinese solar power equipment maker Yingli Solar plans to raise about US$400 million through a initial public offering on Nasdaq by early 2007, a Hong Kong newspaper citing market sources reported on Friday.

The South China Morning Post quoting a person familiar with the situation said the offering size of Yingli Solar would be similar to that of another solar equipment maker, Suntech Power Holdings Co. Ltd., which raised US$396 million through a listing on the New York Stock Exchange last December.

The newspaper also said Yingli Solar's offering would be twice the size of Focus Media Holding's US$197 million sale last year, the biggest mainland IPO so far on Nasdaq.