Mainland markets set to welcome more IPOs
Print Edition
THE Chinese mainland’s two stock exchanges are set to welcome more initial public offerings this year as a planned registration system will help new share offers, PricewaterhouseCoopers said yesterday.
China’s yuan-denominated A-share market will attract 200 new listings this year, up 60 percent from 2014, with 60 IPOs to list on the Shanghai exchange and 140 on the Shenzhen bourse, PwC predicted.
The IPOs are expected to raise 130 billion yuan (US$20.9 billion) in funds, up 65 percent from last year, PwC said.
“Small and medium-sized companies in industrial products, information technology, financial services, retail and consumer products will drive the listings,” PwC said.
Jean Sun, PwC China Assurance Partner, said the launch of the registration system for new share sales will be conductive to new share listings this year.
The China Securities Regulatory Commission said earlier that the share issuing registration reform will probably be launched in the second half of this year to replace the current approval system to cut administrative intervention in new share sales.
As of December 25, 654 firms were eying regulatory approval to list on the two markets, data from CSRC showed.
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