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HONG KONG -- A slowdown in China's initial public offering market is expected to persist through the year, forecasts show, as tighter regulations kick in.
Total fundraising from Chinese IPOs had already plummeted 64% to 23.6 billion yuan ($3.63 billion) in the first quarter of 2024, versus 65.1 billion yuan a year earlier, according to Deloitte. The number of IPOs also fell to 30, from 68.
