Greater China Banks Daily "China's Apr industrial profit grew 24.7% YoY,..."

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Greater China Banks Daily "China's Apr industrial profit grew 24.7% YoY,..."

Global Research

28 May 2026ab

Greater China Banks Daily Equities

ChinaChina's Apr industrial profit grew 24.7% YoY,

fastest pace in over two years; GZ launches Banks

SOE purchase of second-homes to boost market MayAnalystYan

may.yan@ubs.com

+852-2971 7157

China's Apr industrial profit grew 24.7% YoY, fastest pace in over two years Alex Ye

Analyst

Jiemian, May 27: On May 27, China's National Bureau of Statistics reported that China's S1460522090005

industrial profits rose 24.7% YoY in April, the fastest pace since Nov 2023, accelerating alex.ye@ubs.com

sharply from March's 15.8% growth. Cumulative profits for 4M26 increased 18.2% +86 755 2215 8858

YoY. The gain was driven by rising upstream prices and AI-related demand, with non-

Catherine Yang, CFA

ferrous metals sectors seeing a sharp rebound. However, downstream industries faced Analyst

cost pressures and intense competition. While exports remained a strong pillar, domestic S1460526010003

consumption - especially in the auto sector - showed weak profit performance, catherine-za.yang@ubs.com

reflecting uneven recovery momentum amid divergent domestic and external demand +86-755-2215 8860

trends. Helen Li, CFA

Guangzhou launches SOE purchase of second-homes to boost market helen-za.li@ubs.com

21jingji, May 27: On May 26, Guangzhou announced its municipal SOE, Guangzhou +852-2971 6066

Anju Group, would launch a second-home purchase pilot, becoming the second tier-1

city after Shanghai to roll out such a policy. Effective until year end, the program targets

small units within the inner ring, priced at or below Rmb3mn and no larger than 70 sqm

per unit, with clear property titles. Purchase funds are held in escrow, and sellers must