IPOs to raise 100 billion yuan

About 150 companies will make initial public offerings in Chinese A-share market in 2014, and they are expected to raise a total of 100 billion yuan ($16 billion), according to a report of Ernst & Young on Monday.

The report said small and medium-sized offerings will lead the A-share IPO market this year, mainly concerning the sectors of industry, TMT, culture and entertainment, agriculture, environmental protection, and new materials.

The report also said that IPOs in Hong Kong will raise HK$180 billion ($23.2 billion) this year.

China resumed IPOs in January after a freeze lasting longer than a year, and 52 companies went public at Shenzhen and Shanghai stock exchanges in the first half of the year. China's top securities regulator said about 100 companies will get listed in the second half.