1. More than 2,700 Shanghai and Shenzhen listed companies will start to post their Q3 reports from Friday. By October 8, over 1,000 listed companies had guided Q3 results, of which 60 percent of them forecast to make profits, Shanghai Securities News reported on Friday, adding that stocks in media, telecommunications, PV and new energy vehicles sectors are expected to take lead in profit making in the period.
2. Balance of margin financing on China's Shanghai and Shenzhen bourses fell to 904.05 billion yuan on September 30, China Securities Journal reported on Friday. Analysts deem that the room for continuously sharp declines of the margin financing balance is limited and the de-leveraging process for the marginfinancing business has come to its later stage. Therefore, it is also of little possibility for capital doing leveraging trade on the domestic stock market to continue to flee out of the market and cause sharp ups and downs, said the analysts, adding that the market is expected to post steady and orderly correction in the short run, they added.
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