IPOs 'set for record year' in 2014

Next year will see record figures for Chinese initial public offerings due to the resumption of IPOs on the Chinese mainland and strong Hong Kong momentum, according to a Ernst & Young report released on Monday.

"We believe 2014 will be a record year in China and globally, with economic fundamentals and strong global liquidity fueling new listings," said Terence Ho, Ernst & Young's Greater China strategic growth markets leader.

The China Securities Regulatory Commission suspended IPOs in October 2012, as part of a crackdown on fraud and irregularities among advisers. The commission said at the end of November that China would resume IPOs in January 2014.