Chinese companies raised more than any other country’s firms through initial public offerings (IPOs) in the domestic and overseas markets this year.
Chinese firms raised $71.2 billion, putting them far ahead of $17.3 billion by US companies, and Europe’s $16.4 billion, according to Refinitiv data.
China’s IPOs had still seen a decline from $98.48 billion raised in the same period last year.
The increase in mainland IPOs comes as companies and dealmakers await final rules from the China Securities Regulatory Commission and Cyberspace Administration of China that will govern overseas listings, especially for firms that handle data.
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