Chinese A-share IPO Approvals up 221% YoY


China’s securities regulator has eased the sluice gates for share issuance, leading to a sharp rise in IPO’s during the first half of 2017.

The China Securities Regulatory Commission has approved a total of 225 IPO applications since the start of the year to raise funds in excess of 113.3 billion yuan, for increases of 221% and 171% compared to the same period last year.

The number of IPO approvals during H1 2017 is also significantly higher than the figure of 210 for the second half of last year.

This increase in the number of IPO approvals has led to a significant shortening in the queue for company’s applying for listing, from 731 on 29 December 2016 to 569 as of 18 May 2017,

Application times have also fallen, from an average timeframe from application to review by CSRC of 753 days (two years) in 2016 to 654.17 days for the 225 companies that obtained approval this year.