Chinese companies raised 78.7 billion CNY (12.7 billion USD) through initial public offerings on the country's two stock exchanges last year.Â
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According to the report released by Deloitte, a leading international accounting and consulting firm, 125 Chinese companies launched IPOs in Shanghai and Shenzhen last year.
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The number and value of domestic IPOs were 19 percent and 24 percent lower from 2012, it said.
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Chinese securities regulators resumed IPOs in late April last year after a 18-month-long halt.
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The report noted 43 percent of the IPO proceeds last year were raised from the Shanghai Stock Exchange and the rest from the Shenzhen Stock Exchange.
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Wu Xiaohui, a partner of Deloitte China, said securities regulators might speed up the approval process this year as more than 600 companies are lining up for IPOs.
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But market liquidity continues to be in the focus of the stock regulator, making the IPOs likely to be small or medium-sized, said Wu.
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As for the companies which wish to raise a large amount of money, many might choose to list in Hong Kong, he said.Â