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Concerns Over Surging Bank Profit

Concerns Over Surging Bank Profit
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摘要 Half-year financial reports of public companies listed on mainland stock exchanges show that the 16 listed banks earned 684.9 billion yuan($111.5 billion)in the first half of 2014,far exceeding the total net profits of the 2,521 nonfinancial listed companies.Such an incident is not without precedence.However,its repeated occurrence gives one pause for thought and presents some thorny questions.As banks have taken away the bulk of the profits generated by enterprises,how can the real economy Half-year financial reports of public companies listed on mainland stock exchanges show that the 16 listed banks earned 684.9 billion yuan ($111.5 billion) in the first half of 2014, far ex- ceeding the total net profits of the 2,521 non- financial listed companies. Such an incident is not without precedence. However, its repeated occurrence gives one pause for thought and presents some thorny questions. As banks have taken away the bulk of the profits generated by enterprises, how can the real economy sustain itself?. In turn, if the real economy continues its downward slide, how will the financial industry be able to maintain its juicy earnings?
作者 Yu Fenghui
出处 《Beijing Review》 2014年第37期38-38,共1页 北京周报(英文版)
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