In 2024, the number of initial public offerings of Chinese companies at overseas stock exchanges reached **. This marked the first year of recovery after a decline in overseas listings due to rising U.S.-China tensions.

In January 2023, a total of ** companies from mainland China finished their initial public offering (IPO) in China and abroad. Despite the outbreak of the coronavirus pandemic, IPO numbers and volumes remained robust in 2020. In that year, the annual number of Chinese IPOs reached *** in 2021, of which *** were listed at stock markets in mainland China and *** in Hong Kong or other overseas destinations.

Stock markets in mainland China

Mainland China has two stock exchanges, the Shanghai stock exchange (SSE) and the Shenzhen stock exchange (SZSE). Both rank among the largest stock exchanges in the world. While more large state-owned enterprises are listed in Shanghai, the stock exchange in Shenzhen is home to many technology driven companies, including Huawei and Tencent. Stocks on the Shanghai exchange are distributed across two boards, the Main Board and the Sci-Tech Innovation Board (Star Market), which was newly established in 2019. The Shenzhen exchange has also two boards, the main board and the Growth Enterprises Board (ChiNext). In 2021, a larger number of IPOs were listed at the newer ChiNext and Star Market, and less at the older SME and Shanghai Main Board.

Chinese IPOs abroad

As domestic Chinese stock markets are still not completely open to foreign investors and regulation on the mainland is less stringent, Chinese companies rely on overseas exchanges to attract international investors. Some of the largest global IPOs were those of Chinese companies going public at foreign stock exchanges. The Hong Kong Exchange and Clearing Market (HKEX) is a preferred place for mainland companies to get an international listing.

In 2024, the total number of Chinese companies in China and abroad amounted to *** enterprises. It was the third year of decreasing numbers of IPOs of Chinese firms. Especially, domestic listings have decreased in volume and value.

In 2024, the domestic initial public offering value of Chinese companies from the biotechnology and pharmaceutical industry amounted to *** billion yuan. The market saw a sharp overall decline of nearly *** billion yuan, likely driven by the introduction of the "Nine New Guidelines for the Capital Market."

In 2023, the number of initial public offerings by Chinese companies in China was ***. Chinese companies went public despite the outbreak of COVID-19 and the resulting turbulences at various financial markets around the world. The Chinese government tries to develop the domestic financial market to incentivize Chinese companies to list at home.

China Share Issued: Number of Company: CSRC: A Share: IPO data was reported at 12.000 Unit in Apr 2008. This records an increase from the previous number of 1.000 Unit for Mar 2008. China Share Issued: Number of Company: CSRC: A Share: IPO data is updated monthly, averaging 5.000 Unit from Jan 1992 (Median) to Apr 2008, with 196 observations. The data reached an all-time high of 40.000 Unit in May 1997 and a record low of 0.000 Unit in May 2006. China Share Issued: Number of Company: CSRC: A Share: IPO data remains active status in CEIC and is reported by China Securities Regulatory Commission. The data is categorized under China Premium Database’s Financial Market – Table CN.ZA: China Securities Regulatory Commission (CSRC): Share Issued.

This statistic shows the largest global Chinese company IPOs in 2019. That year, the IPO of Alibaba Group Holdings Ltd. at the Hong Kong stock exchange had amounted to about ** billion yuan.

China Share Issued: Number of Company: CSRC: H Share: IPO data was reported at 1.000 Unit in Apr 2008. This stayed constant from the previous number of 1.000 Unit for Mar 2008. China Share Issued: Number of Company: CSRC: H Share: IPO data is updated monthly, averaging 0.000 Unit from Jan 1992 (Median) to Apr 2008, with 196 observations. The data reached an all-time high of 7.000 Unit in Dec 2006 and a record low of 0.000 Unit in Feb 2008. China Share Issued: Number of Company: CSRC: H Share: IPO data remains active status in CEIC and is reported by China Securities Regulatory Commission. The data is categorized under China Premium Database’s Financial Market – Table CN.ZA: China Securities Regulatory Commission (CSRC): Share Issued.

In 2024, the IPO issuing volume of Chinese companies worldwide amounted to *** billion, almost one third as much as in 2023. Chinese companies went public despite the outbreak of COVID-19 and the resulting turbulences at various financial markets around the world. The Chinese government tries to develop the domestic financial market to incentivize Chinese companies to list at home.

Over the five years through 2024, revenue for the Securities Investment industry in China has been increasing at a CAGR of 11.6%. This includes expected industry revenue increase of 6.2% in the current year. Due to uncertainty brought about by the COVID-19, the international political geopolitical crisis and the fluctuation of the international financial market, the industry experienced significant fluctuations over the last five years.The strong growth of 33.1% and 49.7% in 2020 and 2021 was due to the surging initial public offering (IPO) activities in China and the strong performance of securities investments. In 2022 and 2023, due to the decline of major stock indices in China, industry revenue decreased by 11.9% and 7.1%.The Securities Investment industry in China has experienced dramatic developments since the establishment of China's securities market. Due to the intrinsically volatile nature and early stage of China's securities markets, the industry has been subject to high volatility. The industry competition is very fierce. In the next five years, the number of enterprises will increase at a CAGR of 0.2% while the number of establishments increase at a CAGR of 1.0%.Industry revenue is forecast to grow at a CAGR of 8.5% over the five years through 2029. Institutional investors, including securities investment funds, securities companies and qualified foreign institutional investors will make up greater shares of the market, with government policies encouraging the healthy and stable development of the country's securities markets. The industry will be more active as the comprehensive implementation of the registration system reform and influx of new listed companies into the securities market.

The Beijing Stock Exchange was the latest addition to mainland China's financial industry. In January 2025, a total of *** companies were listed on the exchange and *** new enterprises went public in that month. The purpose of the stock exchange was to give SMEs access to capital because these enterprises often do not meet the listing requirements of large exchanges.

In 2024, the issuing value of domestic IPOs by Chinese companies exceeded ***** billion yuan. This marked a sharp decline of nearly *** billion yuan, likely driven by the introduction of the "Nine New Guidelines for the Capital Market."

Explore the booming global securities company market with insights into its $1.2T size, projected 8.5% CAGR, key drivers like wealth management and digital finance, and dominant segments. Discover market trends, restraints, and leading companies shaping investment futures through 2033.

In 2024, the value of Chinese companies' initial public offerings at overseas stock exchanges amounted to almost ** billion yuan. Despite the outbreak of COVID-19 and the resulting turbulence in global stock markets, many Chinese companies went public. This marked the first year of recovery after a decline in overseas listings due to rising U.S.-China tensions.

This statistic shows the total issuing volume of initial public offerings (IPO) of Chinese companies in China and abroad from January 2021 to June 2023. In January 2023, ** companies from China Mainland finished their IPO process with a total issuing volume of around ** billion yuan in China and abroad.

In 2024, the number of IPOs of Chinese companies headquartered in Guangdong province in China amounted to **. That year, the total number of Chinese IPOs in China and abroad reached ***.

In 2023, a total of 414 companies went public on stock exchanges in Greater China. The number was lower than in the previous year despite the economic recovery after the outbreak of COVID-19. In recent years, stock exchanges in mainland China were able to increase their attractiveness for Chinese companies. As a result, more companies list on domestic stock markets.

In 2024, the issuing value of IPOs of Chinese companies which had their headquarters in Beijing in China amounted to about **** billion yuan. That year, the total issuing value of Chinese IPOs in China and abroad reached approximately ****** billion yuan.

发行家数:证监会:A股:首发在04-01-2008达12.000家，相较于03-01-2008的1.000家有所增长。发行家数:证监会:A股:首发数据按月更新，01-01-1992至04-01-2008期间平均值为5.000家，共196份观测结果。该数据的历史最高值出现于05-01-1997，达40.000家，而历史最低值则出现于05-01-2006，为0.000家。CEIC提供的发行家数:证监会:A股:首发数据处于定期更新的状态，数据来源于中国证券监督管理委员会，数据归类于中国经济数据库的金融市场 – Table CN.ZA: China Securities Regulatory Commission (CSRC): Share Issued。

In 2022, ** percent of all newly listed Chinese companies in the United States were in the technology, media, and telecom industries. While in 2019, a significant share of Chinese IPOs were financial service companies, in 2020, they only accounted for * percent of all new listings.