From the Financial Times (link)

The average size of initial public offerings in greater China has overtaken levels in the US and Europe for the first time, mainly due to the number of Chinese companies launching multi-billion dollar IPOs in Hong Kong, according to PwC.

The average amount raised by IPOs in Hong Kong, Shanghai, Shenzhen and Taipei surged from $83m in 2004 to $260m last year, the PwC report showed.