CFOs less optimistic, Bank of America survey shows

China's leading chief financial officers appear less optimistic about their companies' financial performance this year than in 2013 and are more cautious about margin growth, according to a survey by Bank of America Merrill Lynch.

A total of 77 percent of China-based respondents said they expect revenues to rise in 2014, down from 79 percent in 2013, the survey report said.

Meanwhile, only 59 percent forecast higher profits by year-end, compared with 66 percent last year.