Reforms drawing IPOs back to mainland

China's quickened reform of the A-share listing mechanism is set to lure more overseas listed unicorn companies back to the mainland capital market, according to a survey by consultancy PricewaterhouseCoopers released on Monday.

While Hong Kong currently outstrips the United States and the Chinese mainland as companies' preferred destination for IPOs, "timely policy support" has created productive opportunities for unicorns to come back, said Gao Jianbin, PwC China's technology, media and telecommunication leader.

Around 43 percent of the 101 surveyed businesses said they would favor Hong Kong for an IPO, higher than the United States' 25 percent and 23 percent for the mainland's A-Share market.