China May Become Top IPO Market in 2016: PwC
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Reports show the number of initial public offerings on the Shanghai and Shenzhen bourses may top the world in 2016. [File Photo: ce.cn]

A report from the auditing firm PricewaterhouseCoopers shows the number of initial public offerings on the Shanghai and Shenzhen bourses may top the world in 2016.

According to the report, the number of new IPOs on the Chinese A-share market is expected to hit 400 and be valued at up to 300 billion yuan, 46 billion U.S. dollars.

That will be a sharp rise from 219 IPOs in 2015 and 125 in 2014.

Analysts from PwC say IPO activity will continue to pick up this year following registration-based stock listing reform and the expected launch of a new board for Chinese companies.

In 2015, Hong Kong surpassed the United States to become the largest market for IPOs, with nearly 220 billion yuan raised.

Author： 　　　Source：　　　 Editor：Yang Fan