| Exchange Market | Numbers of IPOs | |||||
| '03 - 07 | '08 - 12 | Total | ||||
| Shanghai Stock Exchange | 148 | 42% | 97 | 10% | 245 | 19% |
| Shenzhen Stock Exchange | 203 | 58% | 851 | 90% | 1,054 | 81% |
| Total | 351 | 948 | 1,299 | |||