Fundraising in China's three stock exchanges in Shanghai, Shenzhen, and Beijing slowed in the first half due to regulatory restrictions, the South China Morning Post reported Wednesday, citing data by Bloomberg.

Around 50 companies raised 33.6 billion yuan or $4.7 billion through the sale of new shares, about one-third of the $13.5 billion raised in Hong Kong, which jumped 12 spots to become the world's top IPO destination in H1, the report said, citing Bloomberg.

Mainland China's most valuable IPO in H1 was that of Zhongce Rubber (SHA:603049), which raised 4.07 billion yuan in share sales in Shanghai. The amount is lower than Contemporary Amperex Technology's (HKG:3750, SHE:300750) Hong Kong IPO, which raised $5.24 billion, the SCMP said.

"As long as the regulatory curb remains in force, the IPO market won't return to normalcy," the SCMP quoted Huichen Asset Management fund manager Dai Ming as sa ying.

However, the regulatory curbs could also help more good-quality firms shine moving forward, the report said, citing Dai.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)