Stock exchanges in China and Hong Kong are set to shrug aside the market uncertainty and host a further 86 initial public offerings in the second half of 2008, according to an authoritative study published on Wednesday.

Analysts at PwC believe that, providing the global economy does not deteriorate further, Shanghai will host another eight A-share offerings over the next six months, its mainland rival Shenzhen a further 46 and Hong Kong an extra 32.