Initial public offerings (IPOs) of Chinese companies are declining to a trickle due to global stock market gloom.

The number of IPOs by Chinese companies fell to a two-year low of 26 in August,according to a recent report by China Venture, a Beijing-based investment consulting firm.

Nasdaq-listed online video company Tudou was the only Chinese firm that went public overseas in August, raising $170 million while the other 25 firms chose to debut on their home stock markets.

The total amount from the IPOs in August shrank 45.6 percent year on year to 27.24 billion yuan ($4.3 billion), also the lowest in two years.

This was a substantial turnaround from the market buoyancy earlier this year. In the first half of 2011, Chinese firms were responsible for around 60 percent of global IPOs.

"It shows foreign financial institutions are not really interested in Chinese players any more," said the report, adding that this is a result of accounting scandals that affected some U.S.-listed Chinese firms this year.

Moreover, worries over the debt crisis in Europe and the United States have also eroded financial institutions' interests, it said.