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China's A-share markets to see 300 IPOs in 2012

Xinhua, January 29, 2012

Shanghai Stock Exchange. About 300 IPOs will stage on China's A-share markets this year. [File photo]

China's A-share markets will see around 300 IPOs in 2012 and the IPO financing will remain stable, predicted Zero2IPO Research Center in its latest report.

Affected by the low sentiment on the secondary markets, the IPO market received 282 listings and raised $43.7 billion in 2011, down 19 percent and 39.3 percent respectively compared with 2010, said the report.

The report predicted that the secondary markets will rebound in 2012 but the IPO market will not see sharp growth as the securities regulator will tighten policies on the IPO approval.

Though China's regulator has vowed to simplify the IPO approval procedures in order to improve financing efficiency, it does not necessarily mean more IPOs, said the Zero2IPO.

The research also said that the average IPO price-earnings ratio in A-share market was 46.94 in 2011, an obvious drop from the previous year. It predicted the figure would stay low in 2012.