Next year will see record figures for Chinese initial public offerings due to the resumption of IPOs on the Chinese mainland and strong Hong Kong momentum, according to a Ernst & Young report released on Monday.

"We believe 2014 will be a record year in China and globally, with economic fundamentals and strong global liquidity fueling new listings," said Terence Ho, Ernst & Young's Greater China strategic growth markets leader.

The China Securities Regulatory Commission suspended IPOs in October 2012, as part of a crackdown on fraud and irregularities among advisers. The commission said at the end of November that China would resume IPOs in January 2014.