China's capital markets experienced a dramatic rebound last year, driven by a surge in equity refinancing and bond issuance, according to official data. Companies raised 1.26 trillion yuan ($183 billion) through A-share markets in Shanghai and Shenzhen, marking an 833 billion yuan increase from 2023, the National Bureau of Statistics reported.

Initial public offerings also picked up steam, with 90 A-share IPOs raising 124 billion yuan across mainland exchanges. The STAR Market, China's Nasdaq-style board, hosted 19 listings that brought in 38 billion yuan. A-share refinancing jumped to 1.13 trillion yuan, fueled by private placements, convertible bonds and rights issues.

Bond markets maintained their dominance in China's direct financing channels, with issuers raising 16.3 trillion yuan across mainland exchanges. This refinancing boom signals renewed corporate confidence and improved market conditions after a period of weakness. The surge in both equity and debt markets suggests companies are seizing opportunities to strengthen their balance sheets and fund expansion plans.