Firms raise 1 trillion yuan through A-share market in 2015
Xinhua, February 9, 2016 Adjust font size:
Chinese companies raised more than one trillion yuan (about 152 billion U.S. dollars) through the A-share market in 2015, official data showed.
Last year, 220 companies completed initial public offering (IPO), raising 157.8 billion yuan, up 136 percent from the previous year, according to data from the China Securities Regulatory Commission (CSRC).
A total of 399 listed firms on the Shanghai and Shenzhen bourses raised 893.2 billion yuan, up 31 percent year on year, by shares allotment, additional public offering or convertible securities issuing.
In 2015, China's listed companies saw 2,669 merger and acquisition deals worth about 2.2 trillion yuan, up 52 percent from 2014.
China has the world's second-most capitalized stock market behind the United States, after overtaking Japan a year ago. Endi