(MENAFN) China is expected to see 60 percent more initial public offerings in 2015 as the securities regulator improves capital market operations, international auditor PricewaterhouseCoopers (PwC) showed, QNA reported.
The managing partner of PwC for Chinese mainland and Hong Kong, said that around 200 Chinese firms are expected to raise USD21 billion on the Shanghai and Shenzhen bourses.
The two handled 125 IPOs in 2014, with a combined value of USD12.77 billion. The Shanghai stock exchange is likely to deal with 60 IPOs with a value of USD7.80 billion and smaller Shenzhen bourse will host the remainder.
Another PwC partner said that a new IPO registration system likely to be rolled out this year to replace the existing approval-based system will likely trigger an IPO boom.
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