LINE

    Text:AAAPrint
    Economy

    China could be the top IPO market in 2016: PwC

    1
    2016-01-05 08:47Xinhua Editor: Gu Liping

    The number of initial public offerings (IPO) on the Shanghai and Shenzhen bourses may top the world in 2016, thanks to stock listing reform and the expected launch of a new board, according to a report published Monday.

    The number of new IPOs on the Chinese A-share market is expected to hit 400 with 250 billion to 300 billion yuan (38.44 billion to 46.13 billion U.S. dollars) to be raised, making the Chinese mainland one of the top three largest IPO markets and potentially the number one globally in 2016, said Frank Lyn, China and Hong Kong markets leader at the auditing firm PricewaterhouseCoopers (PwC).

    That will be a sharp rise from 219 IPOs in 2015 and 125 in 2014. In 2015, 219 companies raised 158.6 billion yuan (24.39 billion U.S. dollars) through IPOs on the Chinese mainland despite market volatility over the summer, which put a number of stock offerings on hold.

    "The impact of market fluctuations on IPOs will be limited," said Benson Wong, assurance partner at PwC Hong Kong, who was upbeat over IPO activities on the Chinese mainland and in Hong Kong as hundreds of companies are lining up to get listed.

    IPO activities will continue to pick up in 2016 following registration-based stock listing reform and the expected launch of a new board for innovative Chinese companies, PwC said.

    The shift from approval-based IPOs to registration-based will let the market play a bigger role in deciding the value of companies, and will potentially boost the number of IPOs, analysts have predicted.

    The launch of a "strategic emerging industry board" in 2016 will also help companies finance through IPOs. Officials have said the board will help meet the financing needs of emerging companies that the NASDAQ-style ChiNext could not satisfy.

    Of the 290 emerging companies surveyed by PwC, 80 percent said they were planning to go public in the domestic capital market. The new board will be their top choice.

    When selecting which bourse to list on, companies were most concerned with the time required to verify applicants, the transparency of IPO procedures, and the profit requirements for applicants. Stock listing reform and the new board will help alleviate those concerns, the survey showed.

    In 2015, Hong Kong surpassed the United States to become the largest market for IPOs, with 215.7 billion yuan (33.17 billion U.S. dollars) raised.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 龙井市| 双辽市| 新邵县| 舟山市| 麦盖提县| 高尔夫| 贵州省| 松江区| 北碚区| 萨嘎县| 皋兰县| 延长县| 乌什县| 肇州县| 东宁县| 墨竹工卡县| 自贡市| 杭州市| 沽源县| 黄大仙区| 喀喇| 鹤壁市| 许昌市| 菏泽市| 北宁市| 韩城市| 宁化县| 乃东县| 正蓝旗| 平罗县| 金溪县| 南华县| 武义县| 固原市| 香河县| 乐业县| 中宁县| 行唐县| 乌鲁木齐市| 漳平市| 鸡东县|