The total profits of 43 SOEs (State-Owned Enterprises) listed in the HK market topped 100 billion yuan in the first half of this year, a 50 percent increase over the same period last year, exceeding the market forecast.

According to a HK media report, against the national macro-control background, the growth of profits reaped by SOE stocks remained strong, with the profits earned by many H-shareholders setting historical records. For instance, the growth of profits earned by 3 petro-chemistry-stocks out of 4 attached to Sinopec were more than doubled, the increase rate of Yizheng chemical fiber, in particular, reached amazing 28 times, ranking first among the SOEs in terms of increase rate of stocks listed in Hong Kong.

By People's Daily Online