China's technology, media and telecommunication IPOs reached a new high in the first half of 2015, but the momentum is expected to slow in the next six months due to capital market fluctuations, according to a report from PricewaterhouseCoopers on Tuesday.

There were 42 Chinese technology, media and telecommunication IPOs in the first half, an increase of 75 percent year-on-year, and their financing totaled 22.1 billion yuan ($3.5 billion), it said.

"As we can see, a more streamlined and transparent listing procedure for IPOs has made the domestic exchanges more attractive. However, the positive momentum is expected to slow down in the second half of 2015 given the temporary freeze to IPOs by the regulatory body to cope with the recent significant capital market fluctuations," said Amanda Zhang, northern China technology industry leader with PwC China.