New policies set to boost A-share market

Ernst & Young predicts new share offerings in China in 2016 likely to top the 350 mark

New policies including the launch of the registration-based initial public offering system will boost IPO activities in the A-share market next year, with the number of IPO deals likely to surpass 350, accounting firm Ernst & Young LLP predicted on Monday.

Chinese bourses, both on the mainland and in Hong Kong, led the global IPO market in 2015, with 372 IPOs raising $60.3 billion, according to EY.