Chinese manufacturer Sany Heavy Industry is planning a listing in Hong Kong that could raise up to US$1.5 billion (HK$11.7 billion), two people familiar with the matter said on Tuesday.

Sany Heavy Industry has tapped Bank of America, JPMorgan and CITIC Securities to work on the potential float, the people said.

The listing could happen in the second half of this year, one of the those added.

Sany Heavy Industry is listed in Shanghai and has a market capitalisation of about US$20 billion.