A man wears a monkey mask as a disguise as he receives a cheque of over 110 million yuan after winning a lottery jackpot in Kunming, Yunnan province, China, December 23, 2015. While China’s stock market has been ice cold over the past six months, falling by close to 50% as a government-orchestrated rescue plan unravelled, there’s one part of the market which remains white hot: initial public offerings .