A-share market sees slowdown in new IPOs

Stricter regulation helps improve quality, boost investment prospects, say experts

With the slowdown in new initial public offerings in China in 2018, due to global trade tensions and stricter supervision, the number of companies waiting for IPO approval from the China Securities Regulatory Commission has contracted to a five-year low, according to an EY report released on Thursday.

A total of 105 companies went public on the A-share market this year, down 76 percent from a year earlier. The total funding raised hit 138.7 billion yuan ($20.2 billion), down 40 percent year-on-year, the global consulting firm's report said.