China's IPO market is set to keep booming in 2021, says investor

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Noah Holdings' William Ma expects the demand for IPOs in China to remain high next year, following a 'very exciting' 2020.

SINGAPORE — China's IPO market is set to keep booming next year even after a blockbuster 2020, according to the chief investment officer of a Chinese financial services firm.

"In terms of the IPO size and volume in the domestic China market, it has hit historical ... peak in the past 10 years," said Ma, chief investment officer at the firm.

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