IPOs likely to resume in H2

Small firms, miners expected to dominate potential list of offerings

Initial public offerings are expected to resume in the Chinese mainland stock market in the second half, mostly driven by small enterprises, but the issues will have little impact on the A-share market, Ernst & Young said on Thursday.

The draft of IPO issue reforms, released by the China Securities Regulatory Commission earlier this month, was "a big step" toward a market-oriented system, which is expected to lower the administrative limit and encourage more enterprises to go public based on their needs, the company said.