Hong Kong leads the world in floats

The Hong Kong stock exchange is expected to keep its world No 1 standing in initial public offerings in 2016, followed by Shanghai in second place, according to KPMG, an international auditing and advisory company.

Louis Lau, partner of the capital markets advisory group at KPMG, said he expects Hong Kong's IPO market to remain steady in 2017 and to continue being one of the world's top IPO venues.

Hong Kong led the world in IPOs even though its volume actually fell around 26 percent from 2015 due to uncertainty in the macro-economic environment, when most currencies declined against the US dollar, Lau said.