Shenzhen Informer

Princelings profit from Chinese corruption Princelings profit from Chinese corruption. By Henny Sender. Ping An, the Shenzhen-based insurance company, has always been portrayed as the underdog against the giant state-owned People's Insurance Company of China. To some extent that is a fair … Read more on Financial Times

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Buffett-Backed Carmaker BYD Says Profit May Plunge by 98% Shenzhen-based BYD, which gets about half its revenue from autos, also faced faltering car sales in China amid increasing competition. “The solar division is to blame for the poor results and we see no quick turnaround in this troubled division … Read more on Bloomberg

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Chinese companies' profit rates decline in first three quarters The average net profit rate of 938 companies that released their third quarter reports, or more than one third of the total listed on the Shanghai and Shenzhen bourses, edged down 1.29 percentage points to 5.91 percent in the first nine months. The … Read more [...]

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China Shares End Lower Following Profit Warnings The Shanghai Composite index slipped 0.3% to 2098.70 while the Shenzhen stock index lost 0.7% to 859.47. "Without the strong support of fundamentals and capital, the market faces resistance above the 2100 level," said a research report by Shenyin … Read more on Wall Street Journal

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