Mainland Chinese companies have raised more through initial public offerings so far this year than any other country in the world, according to Thomson Financial. Beijing-based Sino-Ocean Land's US$1.5 billion offering earlier this week helped China pass the US, with US$30 billion raised from 132 deals, up 56.6% on last year, the South China Morning Post reported. US-based companies have raised US$29.78 billion from 129 deals, which represents a 16.2% share of the global IPO market to China's 19.3. The Chinese figures do not include the recent A-share offerings by China Construction Bank and China Shenhua Energy, which raised US$7.72 billion and US$8.9 billion respectively. The mainland is said to have a further 54 deals in the pipeline for 2007, which could generate as much as US$26.7 billion.