ListedcompaniesontheA-sharemarketwererequiredtofiletheirsecond-quarterreportswiththeShanghaiandShenzhenstockexchangesbeforetheendofAugust.
Thecombinedrevenueofalllistedcompaniesonthemarketstoodat20.81trillionyuan($3trillion)inthefirsthalf,whilenetprofitswerecloseto2trillionyuan($292.6billion),bothrisingbymorethan10percentyearonyear,newdatafromtheboursesshowed.
FirmslistedinShanghaisawrevenueandprofitgrowthratesof11percentand14percentrespectively,whilecompanieslistedinShenzhengrewat17.24percentand16.86percent.
Asthecountrymovedtoenhancesupportfortherealeconomy,Shanghai-listedcompaniesintherealeconomyreportedrevenuegrowthof13percentandprofitgrowthof25percent,muchfasterthanthe7-percentrevenueandprofitgrowthoffinancialcompaniesinthecity.
Firmsintherealeconomycontributed41percenttothenetprofitofcompaniesontheShanghaibourse,up4percentagepointsfromthepreviousyear.
TheChinaBankingandInsuranceRegulatoryCommission(CBIRC)saidinAugustthatithadencouragedbanksandinsurancecompaniestoincreasefundingtomeetthefinancingdemandsoftherealeconomy.
Thecommissionurgedbankingandinsuranceinstitutionstomakefulluseofthecurrentfavorableconditionsofabundantliquidityanddecliningfinancingcoststoraisetheirfinancingsupportfortherealeconomy.
Inthefirsthalfoftheyear,Shanghailistedcompaniesintherealeconomyreportedtotalfinancingofaround4.5trillionyuan($658.9billion),up9percentyearonyear,withthemajoritycomingfromthebankingsystem.
Thecentralbankwillraisethecapacityandwillingnessoffinancialinstitutionstoservetherealeconomytocreateamoderatefinancialenvironmentforsupply-sidestructuralreformandhigh-qualitydevelopment,accordingtothecentralbank鈥檚second-quarterreport.
Thankstothesupply-sidestructuralreform,thecrudeoil,steelandnon-ferrousmetalsectorsallexperiencedbreathtakinggrowthinrevenueandprofit.
ThenetprofitofsteelcompanieslistedinShanghaisurged134percentyearonyearinthefirsthalfoftheyear,partlyduetothecountry鈥檚firmstanceoneliminatingexcessproductioncapacity.
Inthefirstsevenmonthsof2018,Chinacutoutdatedcrudesteelcapacityby24.7milliontons,completingmorethan80percentofthisyear鈥檚capacity-cuttargetof30milliontons,accordingtothelatestdatafromtheNationalDevelopmentandReformCommission.
ThenetprofitofthecrudeoilandnonferrousmetalsectorsontheShanghaiboursebothsurgedby75percentyearonyear,theShanghaiStockExchangesaid.
OntheShenzhenbourse,957companiesinnewenergy,high-endequipmentmanufacturingandnewmaterialssectorsgrewmorethan20percentinbothrevenueandprofits.
China鈥檚economyexpanded6.8percentyearonyearinthefirsthalfoftheyear,abovetheannualtargetof6.5percent.
ThisisaneditedexcerptofanarticleoriginallypublishedbyXinhuaNewsAgencyCopyeditedbyLaurenceCoultonCommentsto