China's IPO market did better this year as the regulator accelerated approvals in the latter half.

The official Securities Times said 12 companies are expected to go public on the A-share market next week, bringing the number of new listings to 245 in 2016.

This will be the third biggest year on the A-share market in terms of company numbers, behind the 347 listings in 2010 and 277 in 2011.

Last year, 219 companies raised 159 billion yuan (US$23 billion) through IPOs on the mainland despite market volatility over the summer that put offerings on hold.