Push for cash dividend payment
By Verain Ye |
January 17, 2013, Thursday
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Print Edition
Print Edition
CHINA will encourage listed companies to pay cash dividends as part of efforts to improve its capital market, the securities regulator said.
Guo Shuqing, chairman of the China Securities Regulatory Commission, told a forum in Beijing yesterday that "dividend payments in China remain at a relatively low level" and that the CSRC will encourage listed firms to set up a transparent dividend distribution policy.
Guo said the dividend yield among companies tracked by the CSI 300 Index is slightly above 2 percent and only 81 firms have a yield of more than 3 percent.
Guo Shuqing, chairman of the China Securities Regulatory Commission, told a forum in Beijing yesterday that "dividend payments in China remain at a relatively low level" and that the CSRC will encourage listed firms to set up a transparent dividend distribution policy.
Guo said the dividend yield among companies tracked by the CSI 300 Index is slightly above 2 percent and only 81 firms have a yield of more than 3 percent.
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