A-Share Profits Rise 8.5% as Tech Reshapes China's Equity Market
Beijing – November 05, 2026 -- Net profit at Shanghai- and Shenzhen-listed companies reached RMB 5.1 trillion in the first three quarters of 2026, up 8.5% year on year, the fastest growth since 2022. Yan Xiang, chief economist at Founder Securities, says the figure supports a favorable long-term outlook for China's A-share market despite recent volatility.
Technology boards account for nearly 80% of new listings since 2024
The STAR Market, ChiNext and Beijing Stock Exchange have drawn more technology companies to the A-share market since capital market reforms began. Together they account for nearly 80% of new listings since 2024. The TMT (technology, media and telecommunications) sector now makes up more than one-quarter of total A-share market capitalization, well above the combined weight of banks, non-bank financials and real estate. Electronics has overtaken banking as the largest sector by market cap.