Ipo Market: Market and Pwc China

ipo market: China's IPO market was steady in 2016 compared with the previous year with mild improvements, according to Global Times China. In 2016, the number of newly listed companies reached 227 on the Shanghai and Shenzhen bourses, slightly up from 219 in 2015, according to a report sent by PwC to the Global Times on Tuesday. We hold a cautious but optimistic attitude toward the A-share market's performance in general this year, Shen Jie, partner of capital markets and accounting advisory services at PwC, told the Global Times Tuesday. According to the report, funds amounting to about 150 billion yuan 21.6 billion were raised in new listings on the two bourses in 2016. Frank Lyn, markets leader of PwC China, said that the second half of 2016 saw stable market operations and accelerated IPO approvals, which were expected to keep up this year. Companies from the industrial products, retail, consumer goods and services sectors comprised the majority of those being listed on the main board of the Shanghai Stock Exchange and Shenzhen SME board in 2016, according to data from the PwC report. (news.financializer.com). As reported in the news.