Forecasts: IPOs won't have major sway on market

New issues by 150 firms to raise no more than 100 billion yuan in 2014

About 150 companies will make initial public offerings in China this year and their total financing won't exceed 100 billion yuan ($16 billion), which won't have a major influence on the nation's capital market, according to a report published by Ernst & Young Global Ltd on Monday.

The report said small and medium-sized offerings will lead the A-share IPO market this year, and the most popular sectors will be technology, media, telecoms, culture and entertainment, agriculture, environmental protection and new materials.