Steady growth of Chinese stock market companies

Companies listed on the “A” class stock market in China maintained steady growth in the first half of this year, according to data released by the China Association of Public Enterprises.
The combined operating revenue of listed companies reached 35.39 trillion yuan (about 4.93 trillion dollars) during the said period, up 1.61 percent year-on-year.
The association said that its net profit amounted to 3.19 trillion yuan, a decrease of 3.38 percent from the previous year, citing the financial statements for the first half of 5,206 companies listed on the A-class stock market.
The data revealed that the country’s listed companies have maintained steady operations and continued to improve their structure, while their prospects are expected to gradually improve, according to the association.
The Central Bank of China has started reducing the ratio of foreign exchange reserve requirements for financial institutions by two percentage points starting from September 15.
The bank said in a short notice on its website that the reserve requirement ratio will be reduced to 4 percent instead of the current 6 percent.