Chinese mainland listed firms have posted a sparkling average of 70 percent growth in their first-half profits, fanning euphoria over their stock-price movements in the second half of this year.
But experts cautioned that as a large chunk of the half-year earnings at listed firms was mainly from equity investments, the euphoria may be short-lived when investors worry about valuations and then take profits.
Companies traded in Shanghai and Shenzhen chalked up a combined net profit of 323.2
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