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(Yicai Global) Dec. 18 -- Between 100 and 150 news listings are expected next year on China's A-share market with financing to total between CNY140 billion (USD20.3 billion) and CNY170 billion, according to a report from Deloitte China.
Total listings for this year are expected to reach 106 on the A-share market, which includes the Shanghai Stock Exchange, the small and medium-sized enterprise board and Shenzhen's ChiNext board, down from 436 last year on the back of tighter regulations. Total funding for this year is estimated at CNY140.2 billion down from CNY230.4 billion in 2017, according to the report.
New listings will not grow substantially next year, the report finds, with issuers expected to consist mainly of small and medium-sized manufacturers, as well as players from the tech and consumer sectors.
Favorable factors for the Chinese listings market next year include the planned sci-tech board in Shanghai and the scheme to link the city's bourse with London, according to Tong Chuanjiang, a Deloitte China representative in charge of A-share listings business for the country's northern region.
The firm also states that there will be around 200 new initial public offerings next year with between HKD180 billion (USD23 billion) and HKD230 billion raised. Some 208 new floats in the special administrative region raised HKD286.6 million this year.