Chinese initial public offerings will set new record figures in 2014. The move comes due to the resumption of IPOs on the Chinese mainland and strong Hong Kong momentum, according to an Ernst & Young report. According to China Daily, Terence Ho, Ernst & Young”s Greater China strategic growth markets leader, said 2014 will be a record year in China and globally, with economic fundamentals and strong global liquidity fueling new listings. Ho said that small-and medium-sized enterprises would be the main driving force of Chinese mainland IPOs next year. He added that IPO funds raised in the Chinese A-share market in 2014 can be as much as 200 billion yuan. The report said that more than 100 IPOs will be launched in Hong Kong in 2014, raising about HK$180 billion ($23.2 billion). Eighty-three Chinese companies have already completed the IPO examination process and received approval from the CSRC. About 50 are expected to have finished all the IPO procedures and to be listed before the end of January 2014, the report added. (ANI)
