IPOs place Shanghai Stock Exchange at top of global bourses
By Chen Jia |
chinadaily.com.cn |
Updated: 2020-12-21 16:04
Share
The Shanghai Stock Exchange. [Photo/CFP.CN]
The Shanghai Stock Exchange ranked at the top among global bourses in terms of IPO deals in 2020, driven by the country's reform of a registration-based IPO issuance system, according to a report issued by EY on Monday.
As China controlled the coronavirus pandemic at an earlier stage, IPO activities in the A-share market remained strong this year, which hit the highest level in a decade in terms of fundraising, the report indicated.
By the end of 2020, 395 companies are expected to be listed on the A-share market, which will raise about 470 billion yuan, the highest level since 2010. The amount of raised funds is likely to increase by 55 percent from a year earlier, and it account for nearly 45 percent of the total amount globally, the report said.