Deloitte: Shanghai bourse tops in IPO value globally in H1

Despite lingering geopolitical conflicts and tightening credit environments elsewhere in the world, initial public offerings remain active in the first half of the year in China thanks to deepening capital market reform, according to a report released by professional services provider Deloitte on Wednesday.

Up to 68 companies will have debuted on the Shanghai Stock Exchange from the beginning of the year to the end of June, with total financing coming to 208.7 billion yuan ($31.1 billion). The Shanghai bourse will be the largest fundraising venue globally in the period if measured by IPO financing value, said Deloitte.

Shenzhen is second only to Shanghai globally in terms of total IPO proceeds, as 81 companies will have raised 99.4 billion yuan during the first six months.