China's state-holding enterpri

China's state-holding enterprises' profit dropped by 1.3% y/y to 1.5 trillion yuan. Joint-equity's profit down by 1.3% to 3.4 trillion yuan. Foreign ventures+HK+MO+TW rise 6.9% to 1.2 trillion yuan. Private enterprises +2.6% to 1.2 trillion yuan.

From January to Aug, the profit in China's mining sector fell by 9.2% y/y(narrowed) to 0.81 trillion yuan. The manufacturing sector rose by 1.1%(narrowed) y/y 3.3 tln yuan. The electricity, heating, gas, and water supply sector +14.7% (narrowed) to 542.7 billion yuan.

Long China For Now? Join the Party or Not?

Chinese concept stocks in the U.S. saw widespread gains, influenced by positive policies. Are undervalued Hong Kong stocks finally seeing their chance to rise? How long can this rally last? Have your Chinese stocks returned to profit?

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