With the frenzy surrounding US tariffs settling down and a dearth of new economic policies from Beijing, investors are turning their attention to corporate earnings reports to see if the rally still has legs.
So far, analysts seem to believe the results have been positive. Second-quarter profits for mainland-listed companies likely increased 5.1 per cent from a year earlier, rising for a second consecutive quarter, according to Caitong Securities. Meanwhile, Huatai Securities said it expected overseas-listed Chinese companies to post a collective 13 per cent profit increase in the first half, up from 8 per cent for all of 2024.
Mainland-listed companies snapped a streak of 15 consecutive quarterly profit declines last year after Beijing ratcheted up policy support to bolster economic…
