China's IPO activity expected to pick up in 2013: Ernst & Young (2)

He said currently there are over 800 IPO applicants on the China Security Regulatory Commission's list, projects to raise about 500 billion yuan, in compare to the 103 billion yuan raise by A-Shares IPOs in 2012.

On the global IPO market's aspect, Ernst & Young said the significant macroeconomic volatility and the unstable equity market conditions weakened the IPO performance in 2012. However, the global major stock exchanges lifted largely in the fourth quarter this year, thus suggesting signs of stability in equity markets and supportive central bank policy are stating to take effect.

Ernst & Young expects 2013 to be the right time for companies currently in the pipeline to list, with a strengthening U.S. economy leading the recovery and the reduced stock market volatility.