China's A-share initial public offering market remained active during the first half of 2021, with the number of listings more than doubled compared with the same period last year, according to a recent report by global accounting firm KPMG.

The A-share IPO market registered 248 deals and 212.7 billion yuan ($32.9 billion) during the first six months of this year, amid the recovery of China's economy and further developments of the registration-based listing platforms, the report said.

The technology-focused STAR Market and ChiNext, which recorded 174 deals and raised 125.3 billion yuan, accounted for 70 percent and 59 percent respectively of the total. And six out of the top 10 A-share IPOs in terms of funds raised came from the two markets.

Industrials, technology, media and telecommunication, as well as consumer markets represented the top three sectors by total funds raised during the period. China Three Gorges Renewables (Group) Co Ltd, Everdisplay Optronics (Shanghai) Co Ltd and Tianneng Battery Group Co Ltd were the top three companies for raised funds.

Meanwhile, the Hong Kong IPO market has seen historic highs in terms of total proceeds with the listings of Chinese technology and logistics companies. These six sizeable listings raised a total of HK$139.6 billion ($18 billion), representing 65 percent of total funds (HK$213.2 billion) raised during the time.

TMT, healthcare and life sciences, and transport, logistics and others were the top three sectors by total funds raised during the first half. Kuaishou Technology, JD Logistics and Baidu Inc were the top three largest Hong Kong IPOs.

In the global IPO market, the total funds raised and the number of listings have surged 196 percent and 134 percent respectively year-on-year. The TMT sector continues to drive the global IPO market. The sector represents four out of the top 10 largest IPOs in terms of funds raised during the first half of this year.