HK remains the top IPO market

Fund flows from the mainland supported by policy moves

Hong Kong is expected to remain the world's largest initial public offering market in 2016, backed by the large amounts of money raised by Chinese mainland financial services institutions, according to the new research report from global audit and advisory firm Deloitte.

The advisory firm forecast a total of 115 IPOs raising about HK$200 billion ($25.8 billion) for the entire year of 2016 in Hong Kong. Both of the figures will be less than last year, affected by the likely interest hike from the US Federal Reserve, the slowing down of the Chinese economy, and the uncertainties brought by the US elections and Brexit.