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China's OTC stock market-listed firms outnumber those on SH, SZ bourses

SHANGHAI
2015-09-08 16:42

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A total of 307 enterprises were listed on China's Over-the-Counter (OTC) stock market in August, bringing the total number of such listed companies to 3,359, higher than the combined number of firms listed on both Shanghai and Shenzhen bourses.

In July, 415 enterprises got listed on the OTC stock market, hitting a record high. Among the 307, companies from manufacturing sector ranked the first among all industries last month with 124 ones listed on the market, followed by IT with 47.

Compared with the rapid expansion of China's OTC stock market, the number of Chinese enterprises raising capitals via IPO at home and abroad saw sharp declines in August amid the sluggish performances of global markets and suspension of A-share IPOs.

According to the statistics released by Zero2IPO, only two Chinese enterprises raised 1.846 billion US dollars via IPO in August. Meanwhile, the number of IPOs by Chinese enterprises around the world and capital raised through the IPOs respectively witnessed year-on-year decline of 86.7 percent and 38.7 percent last month.

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