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Profits Grow at Listed Firms

After the recent spate of listings, and some more wobbles in the market, People’s Daily reports that profits at the 1,392 listed firms in China rose by an average of 7.54 percent in the first half of the year (though the figure excludes results from four companies). The article notes:

Another report, by Wind Information (reported in www.China.org.cn [1]), looks at a smaller selection of companies (540 with profits up 8.6 percent in the first half). The report notes that issues impacting profits included:

People’s Daily also refers to the impact of ongoing stock market reform:

That said, there is still a long way to go, and stock prices will continue to be tied to policy initiatives (not just market and management performance) for some time to come.

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