State-owned enterprises profit most in H1

Updated: 2011-08-31 20:31

By Sun Yuanqing (chinadaily.com.cn)

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State-owned enterprises and companies operating in traditional monopolies, such as finance, energy, mining, manufacturing and transportation, dominated the Chinese mainland's top-20 first-half profit list.

The Industrial and Commercial Bank of China (ICBC) lead the pack followed by the China Construction Bank and PetroChina.

China's top-20 list contrasts with the United States, where technology giants, such as Apple and Microsoft, dominate the top-20 profit list in the first half.

The trend reflects the different economic patterns of China and the US, financial news website Caixin.com said.