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Half-year financial reports of public companies listed on mainland stock exchanges show that the 16 listed banks earned 684.9 billion yuan($111.5 billion)in the first half of 2014,far exceeding the total net profits of the 2,521 nonfinancial listed companies.Such an incident is not without precedence.However,its repeated occurrence gives one pause for thought and presents some thorny questions.As banks have taken away the bulk of the profits generated by enterprises,how can the real economy sustain
Half-year financial reports of public companies listed on mainland stock exchanges show that the 16 listed banks earned 684.9 billion yuan ($ 111.5 billion) in the first half of 2014, exceeding exceeding total net profits of the 2,521 non-financially listed companies.Such an incident is not for precedence. Yet, 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