Chinese Companies Raise Decade-High Amount in IPOs

Chinese companies raised the most this decade in first-half initial public offerings as Huatai Securities Co. and more than 170 other firms tapped the country’s financial markets.

Companies raised 215.3 billion yuan ($31.8 billion) from IPOs, said Tong Daochi, the China Securities Regulatory Commission’s director general of international affairs, at a conference in Shanghai. The amount is the highest so far this century for China, according to data compiled by Bloomberg.