Editor's note: The approaching winter will likely do little to cool the stock market, which was recently spurred by the release of Q3 reports. More listed companies are set to soon report to their shareholders on their performance during the first nine month of this year. Judging by already published data, more than 70 percent of companies listed in China are seeing both net profits and sound year-on-year growth. |
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China's centrally-administered State-owned enterprises (SOEs) reported a 55-percent rise year-on-year in combined net profits in the first nine months, the SOE authority announced Thursday.
Heavyweights
China Merchants Bank said Friday its profit rose 57.4 percent to 20.59 billion yuan ($3.07 billion) in the first three quarters from one year earlier.
Latest News
Huaxia Bank, Deutsche Bank's Chinese partner, said Friday its third-quarter profit jumped 55.56 percent to 1.52 billion yuan ($226.72 million) on the back of higher interest income and commissions.
Hot Industries
China Pacific Insurance (Group) Co Ltd, the country's third-largest insurer, said Friday its third-quarter profits dropped 64.4 percent to 886 million yuan ($132.24 million) from the same period last year.
Analysis/Opinion
The People's Bank of China (PBOC) delivered a jolt to global markets when it unexpectedly raised interest rates last week. Never mind that the small increase will have a negligible impact on China's economy.
Q&A
How can a foreigner invest in the mainland's stock markets?
Although foreigners are not allowed to trade in A shares directly, there are other ways to invest in China's stock markets.
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