Room at the top for banks as margins rise
By Wei Tian in Shanghai | China Daily | Updated: 2013-07-17 07:06
Financial sector accounts for 50% of profits of Fortune 500 China
State-owned banks have made the largest fortunes among all of China's largest companies as experts urged the financial sector to better support manufacturers struggling amid an economic downturn.
Only 26 financial institutions were among the ranks of the 500 largest companies in China by revenue, which was released by Fortune Magazine on Tuesday, yet they accounted for more than half of the profits among all the companies.
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