Total IPO proceeds for Chinese companies reached $142.7 billion this year, up 3.9 percent year-on-year, according to a report Thomson Reuters Corp sent to the Global Times Thursday.

After the Chinese mainland lifted its 4-month IPO suspension in November, total proceeds during the fourth quarter rose 62.6 percent quarter-on-quarter to $28.4 billion, according to the report.

The financial industry accounted for the majority of the proceeds raised from Chinese equity issues, with transactions of $59.7 billion this year, up 277 percent, according to the report.

Chinese brokerage firms dominated the top 10 deals in the equity capital market in 2015, the report said. Huatai Securities Co took the lead and raised $5 billion after pricing its first-time listing in Hong Kong, followed by Guotai Junan Securities, which has priced its Shanghai IPO and raised $4.8 billion.

In 2015, Chinese companies accounted for the largest share of IPO proceeds raised globally, with 27.9 percent. The US followed with 14.6 percent and total IPO proceeds of $29 billion.

The report also noted that despite the 4-month IPO suspension in the mainland during the second half of the year, IPOs on the A-share market raised $24.7 billion, up 87.3 percent as Chinese firms turned to domestic listings.

Global Times