PwC forecasts fewer, higher-quality A-share floats

Chinese A-share IPOs decreased in the first half of the year both in number and value terms, with estimates putting the year's total financing at 200 billion yuan ($30 billion), according to a PwC report released on Tuesday.

The number of IPOs on the Shanghai and Shenzhen stock exchanges totaled 63 in the first half of the year, 74 percent lower than the same period last year, said the report from PwC, also known as PricewaterhouseCoopers.

In value terms, 93.1 billion yuan was garnered in the first half of 2018, 26 percent lower than in the first half of last year.