Mainland profit surge masks weakening earnings outlook

Three weeks ago this column argued that the Hong Kong and mainland stock markets would continue to surge, buoyed by plentiful liquidity.

Since then both markets have performed admirably. Hong Kong's benchmark Hang Seng index has climbed another 2.4 per cent, bringing its gains since the beginning of last September to a handsome 21 per cent.

via Business feed http://www.scmp.com/business/article/1138921/mainland-profit-surge-masks-weakening-earnings-outlook