Stock listings in Asia have raised an aggregate of USD104bn this year, accounting for a record 68% of global volume. The strong Asian showing is mostly down to initial public offerings (IPOs) in China. The epicentre of global IPO activity has shifted east to China. Data showed that of the 10 largest listings globally this year, six were from Chinese companies either on mainland exchanges - the so-called A shares market - or in Hong Kong. This came as US watchdogs are set to review the audit documents of Chinese businesses that trade in New York starting this week in Hong Kong. By contrast, US IPOs represent just 14% of the USD153bn fetched globally, the lowest ever for what has traditionally been the busiest listings market in the world.
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