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Deloitte forecasts in its latest survey that between 140 and 170 companies will be listed on the main board, SME board and ChiNext board in 2020. The total financing will range between 180 billion yuan and 220 billion yuan. The STAR Market in Shanghai can attract up to 150 IPOs, with the financing raised likely reaching 160 billion yuan.

Despite facing extreme difficulties, companies still see new growth opportunities ahead, Zhong added. While China's foreign trade volume declined 4.9 percent year-on-year in the first four months of this year, the country's trade with countries participating in the Belt and Road Initiative posted robust growth. And Chinese exporters also saw their domestic sales jump 17 percent in April. 

Dendreon: Another bad year for the Seattle biotech company whose stock lost nearly a third of its value. The maker of prostate cancer treatments sold its New Jersey manufacturing facility and posted a 5 million net loss during the third quarter.?“With our restructuring on track, we believe we are in a strong financial position and are looking to the future as we meet the growing interest for Provenge in the marketplace,” said CEO John Johnson in a statement at the time of the third quarter earnings report.

Despite a 0.4 percent drop in net sales for 2018 with challenging headwinds expected this year, WPP's businesses in the Asia-Pacific region performed strongly, according to the company.

Dennis Tan, chief executive officer designate of Avatec, said the company's solution is not only useful to financial institutions, but also enable companies in sectors such as e-commerce, telecom, retail and travel to offer financial products such as point-of-sale financing, and personal and business loans quickly and efficiently.