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    Depressed market for China's IPOs

    By Cai Xiao | China Daily | Updated: 2013-03-29 07:44

    Only 10 Chinese mainland companies were listed in the first quarter of 2013 with total financing of 6.3 billion yuan ($1.01 billion), a drop of 84 percent year-on-year, according to a report by ChinaVenture Group on Thursday.

    The 10 firms all went public in Hong Kong, with one of them invested by private equity and venture capital.

    With IPOs in the A-share market stagnating and those in the United States inactive, the number of Chinese companies listing in the first quarter and the finance involved were the lowest since 2009.

    Depressed market for China's IPOs

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