Shanghai could be the world's biggest IPO market this year. Holding the title will be tough

Shanghai is on track to steal the global IPO crown this year, bolstering a drive by Beijing to reduce its reliance on foreign financial markets and giving China a powerful one-two fundraising punch with regional powerhouse Hong Kong.

source https://www.cnn.com/2020/10/31/investing/china-markets-ipo-intl-hnk/index.html