CNBC reports that according to the chief investment officer of a Chinese financial services firm, China’s IPO market is set to keep booming next year even after a blockbuster 2020.

It has been a “very exciting” year for China’s domestic stock market, William Ma of Noah Holdings (Hong Kong) told CNBC, adding about $75 billion has been raised from roughly 400 listings.

“In terms of the IPO size and volume in the domestic China market, it has hit historical ... peak in the past 10 years,” said Ma, chief investment officer at the firm.

That trend looks likely to continue, he said, with “huge demand” coming from both domestic and institutional investors while companies in the new economy sector look to go public.

Stock listings of Chinese firms have dominated the rankings in 2020, according to research from EY.