China has more listed companies than the US. After a large number of IPO’s, there are now over 4,800 listed Chinese companies, compared to 4,400 listed companies in the US.
China Economic Review/Financial Times report that, according to data from JPMorgan’s investment arm, the number of listed companies in China has doubled in ten years. Compared to 20 years ago, the number of listed companies is ten time as high as it used to be.
Meanwhile, the number of public American companies has dropped significantly from its peak of more than 8,000 in 1996 to about 4,400 currently. In America, the number has shrinked due to the activities of private equity firms and acquisitive companies that have gobbled up many public groups.
Over the years, China has been nurturing its own capital markets, listing many of its state-owned enterprises (SOEs) and encouraging more of the country’s private companies to go public.
Further reading on chinaeconomicreview.com