Chinese mainland’s stock markets welcomed 227 initial public offerings valued at RMB 150.4 billion (USD 21.6 billion) in 2016, according to PwC’s year-end report. The number of IPOs in 2016 rose from 219 in the year before while last year’s IPO value fell from RMB 158.6 billion in 2015. Among the 227 IPOs in 2016, the number of IPOs completed in Shenzhen SME Board amounted to 46 with a value of RMB 22.7 billion. A total of 78 companies, mostly from the industrial products, IT and telecommunications sectors, have listed on ChiNext Market, raising RMB 25.8 billion.
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