IPOs set to double to $44 billion

Analysts say positive initiatives from authorities are powering the growth

The amount of China's Initial Public Offerings is expected to total 300 billion yuan ($43.7 billion) in 2017 - double that of last year - as a result of several official initiatives supporting them, analysts said on Thursday.

That projected figure compares with the total amount of 150.4 billion yuan last year, according to accounting firm PwC.