Reported about 1 year ago
Despite numerous positive policies and interventions from the Chinese authorities, the performance of the A-Shares market in the first half of 2024 has been lackluster, with all three major indices recording declines. However, amidst this downturn, the number of dividend-paying stocks has significantly increased, becoming a highlight of the A-Shares market. Sectors like banking, oil and petrochemicals, and food and beverages have been particularly generous in their dividends. Despite challenges like weak domestic demand, a sluggish property market, and increasing local government debt, efforts to enhance the dividend distribution system has shown positive results, with A-Share companies collectively distributing a record high of 2.24 trillion RMB in dividends in 2023.
Source: YAHOO